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3931 Anderson Farm Dr., Sw Dr

Albuquerque, NM 87105
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Acres158

Acres(Lot)

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.

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Detail Ic Property Details

Property Type : Land

Price : $10,990,000

AD Id : 59249002

MLS Id : 202403616

Lot Size : 158 Acres(Lot)

County : Bernalillo

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Feature Features

  • Lot Information

    Main Square Feet: 158 Acres Lot Size Acres: 158 Lot Size Source: Public Records Lot Size Square Feet: 6882480 Lot Description: Views

  • Listing Price Information

    Listing Price: $10990000 Cash, Conventional, 1031 Exchange

  • Tax Information

    Parcel Number: 1-011-053-105198-3-02-17 Tax Year: 2025 Annual Tax: $1147 Tax Legal Desc: Extensive Legal Description

  • School Information

    Elementary School: Bernalillo Elementary
    Junior High School: Bernalillo Middle School
    Senior High School: Albuquerque High
  • Utility Information

    Other, See Remarks
  • Location Information

    Direction: The Old Tobacco Farm is located in the Valley Farms area of Albuquerque, south of the city center, south of I-40, and West of I-25 near the intersection of two major thoroughfares, Coors Boulevard and Rio Bravo. Santa Fe, New Mexico, is an hour’s drive to the north via I-25. In Albuquerque, from the intersection of Rio Bravo and Coors Boulevard, go south on Coors to LasEstancias Drive SW, turn east, and proceed a couple of h undred yards to the property gate. WaterSource: Other, See Remarks
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Us Highway 85, Albuquerque, NM, 87105 $275,000 -- -- -- 3.38 Acres(Lot)
Riverview (tr2c) Road, Albuquerque, NM, 87105 $160,000 -- -- -- 0.33 Acre(Lot)
Riverview (tr2b) Road, Albuquerque, NM, 87105 $160,000 -- -- -- 0.31 Acre(Lot)
Marcelino Road, Albuquerque, NM, 87105 $200,000 -- -- -- 1.43 Acres(Lot)
2224 Perry Road, Albuquerque, NM, 87105 $298,500 -- -- -- 1.90 Acres(Lot)
2255 Perry Road, Albuquerque, NM, 87105 $199,000 -- -- -- 0.90 Acre(Lot)
1604 Bluffside Place, Albuquerque, NM, 87105 $160,000 -- -- -- 0.39 Acre(Lot)
1748 Cliffside Drive, Albuquerque, NM, 87105 $79,900 -- -- -- 0.11 Acre(Lot)
3837 Riverview Road, Albuquerque, NM, 87105 $165,000 -- -- -- 0.23 Acre(Lot)
2402 Salvador Road, Albuquerque, NM, 87105 $98,813 -- -- -- 0.13 Acre(Lot)

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ByOwner last updated this listing 06/24/2026 @ 22:33

MLS: 202403616 LISTED BY: James Vidamour, Fay Ranches, Inc. 719-890-4590 SOURCE: Santa Fe Association of REALTORS

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