3931 Anderson Farm Dr., SW $10,990,000

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3931 Anderson Farm Dr., SW

  • Price: $10,990,000
  • MLS: 202403616
  • Status: Active
  • Type: Agriculture
  • Acres: 158
  • Area: 20-Albuquerque

Presenting Broker

Liz Sheffield

Liz Sheffield

(505) 660-4299

Email Me

BARKER REALTY
530 S. Guadalupe Street
Santa Fe, NM 87501

    Description

    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 buyers 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 h old 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 county-approved development plan. Purchase 23 acres east of the Arenal separately.

    Additional Features

    • Type Agriculture
    • Days On Market 39
    • UtilitiesOther, See Remarks
    • Lot FeaturesViews
    • Water SourceOther, See Remarks
    • SewageOther, See Remarks
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    Schools

    • Elementary School: Bernalillo Elementary
    • Junior High School: Bernalillo Middle School
    • High School: Albuquerque High

    Listing Brokerage

    James Vidamour

    Fay Ranches, Inc.

    IDX listing
    The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of SFAR MLS, Inc. Real estate listings held by brokers other than Keller Williams Realty are marked with the IDX logo. All data in this web site is deemed reliable but is not guaranteed.