401 Alvarado Dr SE

Office for Sale
Catylist Listing ID: 30495877
Property Subtypes: Office Building
Building Size (RSF): 13,694 SF
Gross Building Area: See Agent
Sale Price: $1,095,520
Unit Price: $80 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class C
Sale Terms: Undisclosed, Cash to Seller, Purchase Money Mortgage, Owner Financing, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 10/28/2020

Overview / Comments

This southeast heights office building is a gem, a true diamond in the rough.
This property is ideal for an owner/user interested in investment income. Owner is a current occupant that can vacate or lease back to a new owner.
Seller financing is available
Pride of ownership is highly evident in this property
7 office suites ranging from 1,169 to 4,963 square feet
All New HVAC Units
Brand new TPO roof
Building is on 1.14 acres of land
Covered parking area for 12 vehicles
5;1 Parking ratio / 67 total spaces
Recently slurried and stripped parking lot
Mature trees and manicured lawn
Attractive elevation and curb appeal
Close proximity to Kirtland AFB / Sandia National Labs
Minutes from Albuquerque International Sunport
Contact Sean McMullan at 505-259-6223 for lease/income information

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Southeast
Tax ID/APN: 101805712403130505
Zoning: MX-M - Mixed-use: Moderate Intensity
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1986
Roof Type: Flat
Parking Type: Structure
Parking Description: Covered parking for 12 vehicles 67 total parking spaces
Zoning Description: MX-M
Legal Description: LOT 1A BLOCK 61 TIJERAS PLACE BEING A REPLAT OF LOTS 1-9 & 16-24 BLK 61 TIJERAS & THE VACATED WSLY 20' OF ALVARADO DR SE

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,956 115,138 288,586
Median Age: 37.47 35.85 37.07
Households: 12,262 51,395 127,003

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