* * REDUCED PRICE * * Attention investors, this is a great corner location for your development. Located at the intersection of Mountain Rd and Edith Blvd, for high visibility. This property is zoned MX-M, see docs for the many uses. The vacant 2,400 s. f. building was originally used as a commercial space downstairs with a residential apartment upstairs (live/work). Since it's glory days the building has been tagged ''Substandard'' by the COA, so would need extensive repairs to function again. Best to have it demolished and start fresh on a nice piece of land, that is near downtown, the Interstate as well as many businesses and residential properties. Access points from both Edith and Mountain Roads, utilities are on site and/or nearby. Building conveys ''as-is''.
Santa Barbara-Martineztown, located between Downtown Albuquerque and the University of New Mexico area, is a historic and industrial Albuquerque neighborhood with adobe-era roots and rail-yard grit. The neighborhood’s character concentrates around 4th Street NW and Mountain Road NW, where low-slung storefronts, murals, and workshop-style spaces set a street-level rhythm. Landmark buildings and compact blocks mix with warehouse edges, giving walks a shifting texture from residential lanes to working corridors. The Albuquerque Rail Yards frames the area’s maker energy, while the National Hispanic Cultural Center adds a strong cultural throughline nearby. Coffee at Zendo and pints at Marble Brewery anchor casual meetups. Pocket parks and the Bosque trail system shape everyday outdoor time.
Provided by Walk Score and Local Logic
Market insights
500 Mountain Rd NE · $289,900
DAYS ON MARKET
450 days
The average home goes pending in 36 days.
SALE-TO-LIST
98.8%
Most homes are selling 1% below list price.
LIST PRICE
$289,900
Median sale price in this area is $385,500. (33% higher than this home)
PRICE DROP
1 price drop
27% of homes in this area have had a price drop in the past month.
Property details
Exterior
Finance
Exterior features
Cross fenced
Gentle sloping terrain
Level and sloping topography
Zoned MX-M*
Sidewalks (community)
Home design
Unimproved commercial property
Parking
Parking pad
Utilities
Electricity available at property line
Natural gas available in street
Public water available in street
Public sewer available in street
Public sewer connection available
Financial info
One lot
Electricity and solar
View estimated energy costs and solar savings for this home
The purpose of the MX-M zone district is to provide for a wide array of moderate-intensity retail, commercial, institutional and moderate-density residential uses, with taller, multi-story buildings encouraged in Centers and Corridors. Allowable uses are shown in Table 4-2-1.
Zone overlays
Character Protection Overlay Zones - Martineztown/Santa Barbaras - 7
Permitted uses
Include but are not limited to:
Gas station
General retail
Restaurant
Hospital / medical center
Housing-Multiple units
Housing-Senior
Hotel / motel
Mixed use
Office
Park & open space
Climate risks
Flood Factor
We're working on getting current and accurate flood risk information for this home.
Fire Factor
We're working on getting current and accurate fire risk information for this home.
5/10 Heat Factor
7 hot days expected this year, 18 days in 30 years
Wind Factor
We're working on getting current and accurate wind risk information for this home.
2/10 Air Factor
1 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Albuquerque, NM • 87102
Average low and high temperatures (°F)
51
25
65
33
73
40
74
46
82
53
94
64
95
68
95
68
85
59
78
50
61
35
58
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Albuquerque. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.7 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 500 Mountain Rd NE
There isn’t enough information to generate an accurate estimate at this time. Learn More
This home is pending
The seller has accepted an offer, and this property is now pending.