Old Tobacco Farm - Albuquerque, NM
Old Tobacco Farm - Albuquerque, NM
The 158±-acre Old Tobacco Farm is located in the very northern part of Albuquerque’s Valley Farms area. A multi-year planning and re-zoning process has resulted in a Bernalillo County-approved Sector Plan for the property that allows for 450 residential housing units. Per the Sector Plan, 23± acres must be donated to the County for open space.
The property is one of three things depending on the buyer’s wants and needs; a ready-to-go residential development project, a land bank opportunity, or an ongoing hay farm operation. The location is in the path of development and urbanization as the city of Albuquerque’s density increases in this direction. The County of Bernalillo has heartily endorsed a residential project in this location. Located off Coors Blvd near the intersection with Rio Bravo, adjacent to a new Walmart Supercenter, theatre complex, and senior living facility, the property is unique in its large size and location.
The Old Tobacco Farm was once a producing tobacco farm for the smokeless tobacco industry. There were several other agricultural incarnations of the farm before it became what it is today, a highly productive alfalfa hay farm in the heart of the city with an approved Bernalillo County Sector Plan for residential development.
This area has a long and storied history because of its proximity to the Rio Grande River. The farm has been in the same family for generations, and this is the first time it has been offered for sale in this configuration. For the right buyer, this property provides the opportunity to develop a significant residential housing project asap or hold the property for future appreciation.
This property may be purchased in several different configurations.
- A separate designated 40± acre parcel
- The entire parcel west of the Arenal with a county-approved development plan
- Purchase 23± acres east of the Arenal separately
PROPERTY FACTS:
- 158± acres – 23 acres committed for open space if developed
- Property has a Bernalillo approved sector plan for residential developement
- 450 residential housing units approved
- First time offered for sale
- Paved dedicated access off major roads
- Utilities to the property
- Adjacent to Walmart Supercenter, Hobby Lobby, and other stores
- Albuquerque proclaimed to have ideal weather: temperate with mild winters
- Short drive to Amazon Fulfillment Centers and other major employers
- 10 minute drive to the ABQ Sunport airport
- 10 Minute drive to the University of New Mexico
Learn more about this property, its investment potential and information about the area in the Property Brochure.
THIS RANCH IS CO-MARKETED WITH FAY RANCHES.
Fay Ranches has been providing brokerage and advisory services for the acquisition and sale of significant land assets since 1992. While not forgetting our roots as a sporting ranch company, we have expanded our focus and expertise to include the finest farms, ranches, timberland, plantations and vineyards from coast to coast. Over the last two decades, we have built a network of relationships including our Strategic Alliance with Texas-based Republic Ranches. We continue to lead the industry with our consistent ability to source land opportunities for investors and use our unrivaled reach and marketing platform to handle the sale of exceptional land assets. Fay Ranches is headquartered in Bozeman, Montana with offices across the United States, from Oregon to Tennessee.
