A historically agricultural swath of land in the South Valley of Albuquerque is on the market for $10.9 million.
Located near Coors Boulevard and Rio Bravo Boulevard, the area encompasses just under 160 acres, and is part of what’s known as the Anderson Farms Sector Development Plan previously approved by Bernalillo County.
That plan, as made official in 2019, specifically calls for balancing “open space preservation with the need for housing and economic development.”
The plan also mandates a “blend of agricultural preservation, an open space and trail network, and residential neighborhoods.”
More specifically, the plan envisions 147 acres of agricultural open space, along with just under 151 acres of single-family development, where the “total number of dwelling units in the residential area will not exceed 450 units.”
The listing agent for the property is the Bozeman, Montana-based Fay Ranches Incorporated, which specializes in farm, ranch, timberland, plantation, and vineyards properties across the country.
The South Valley site is otherwise known as the Old Tobacco Farm, which according to the Fay Ranches listing, “has a long and storied history because of its proximity to the Rio Grande River.”
The farm for many years produced tobacco but is currently a productive alfalfa hay farm and is populated with a number of irrigation ditches.
Funded in the 1920s by Clinton Anderson, who went on to serve as Secretary of Agriculture in the Truman Administration before winning election in 1948 as a U.S. Senator from New Mexico, the farm site, according to Bernalillo County documents, “consists of some of the richest soils for agriculture in the South Valley.”
By Garry Boulard
