25 Hotel Cir NE, Albuquerque, NM 87123
- Opportunity to Convert Existing Property to Modern Apartment Complex
- Property is Currently Vacant and Sits on 5+ Acres in the Desirable Albuquerque MSA
- Parcel Already Rezoned for Multifamily Utilization
- Short Drive to The University of New Mexico and Several Medical Centers
- 8 Miles to Kirtland Air Force Base (23k+ Employees) and Albuquerque International Sunport (5.4M+ Passengers in 2019)
- Nearby Attractions Include The Downs Racetrack & Casino, Cliff's Amusement Park, ABQ BioPark, and the Albuquerque Balloon Fiesta, which Brings 800k+ Visitors to the Area Each Year
- Ideally Located Along Interstate 40, Minutes to Downtown Albuquerque
- New Developments in the Area Include Max-Q Mixed-Use Project at Kirtland AFB, the Orion Center, and the Netflix Studios Expansion
Property Description
Property Tours
Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.
Marcus & Millichap has been chosen to exclusively market for sale the Albuquerque Multifamily Conversion, a proposed 199-unit apartment complex that has been rezoned for multifamily use with 218 units, located on over 5 acres in Albuquerque, New Mexico. The subject property is currently the vacant Ramada Inn & Event Center and the Amberly Suites, which comprise of 210 rooms, a banquet hall, onsite restaurant and outdoor pool. The proposed conversion will maintain the current two-story, 6-building layout. The project will focus on upgrading all exterior facades and landscaping to showcase elements of the Southwest, with the inspiration of native landmarks/sites and the general feel of New Mexico. This new apartment complex will include amenities such as an onsite restaurant, heated outdoor pool & spa, common area with firepit, spacious interior commons, and tenant laundry facilities. Each unit will include a living/eat-in area, Murphy bed, modern bathroom with rain showerhead & floating vanity, and kitchen equipped with quartz countertops & stainless steel appliances.
