Irreplaceable Central Avenue Store Front in the Heart of Nob Hill

Retail-Commercial for Sale
Catylist Listing ID: 30655416
Property Subtypes: Mixed Use, Restaurant, Street Retail
Building Size (RSF): 4,099 SF
Gross Building Area: See Agent
Gross Land Area: 0.07 Acres
Sale Price: $775,000
Unit Price: $189.07 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: The Leverett Building
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/20/2020

Overview / Comments

Located in the heart of the Nob Hill shopping and dining district on historic Route 66, this stunning property offers the discriminating buyer a rare opportunity to purchase an iconic building in one of Albuquerque’s most desirable areas.

The 2-level building was completely remodeled and brought up-to-date in 1994. It features impeccably designed and executed architectural elements throughout: Including an outdoor seating area on Central Avenue, a fully-opening storefront glass system, a built-in bar with vintage style seating, a handicap accessible concrete ramp to access the salon work-space, and a plate-glass in-floor skylight which brings natural light to the lower level.

The building is currently a Salon / Café & Wine Bar, but the sky is the limit with the uses for this property. Don’t miss this once in a lifetime opportunity to own a one of Albuquerque’s most recognizable buildings in Albuquerque’s only true walkable neighborhood.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: University
Tax ID/APN: 101605745827810605
Zoning: MX-M - Mixed-use: Moderate Intensity
Property Visibility: Excellent
Feet of Frontage: 25
Traffic/Vehicle Count: 18,700
Highway Access: Easy access from I-25 or I-40
Site Description: Located in a high-foot-traffic area and on the famous Rte. 66, this building is in the popular Nob Hill shopping and dining area. It is in walking distance of the University of New Mexico (UNM) and easily accessed from both I-25 and I-40 as well as the city’s largest employment nodes. This is a destination area for hip shopping, fine and casual dining and cultural events at UNM and other venues.
Area Description: One of the most highly desirable retail districts in Albuquerque. Investment in redevelopment and renovation strong in this are and to the east on Central.
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1949
Year Renovated: 1994
Roof Type: Flat
Construction/Siding: Block
Total Parking Spaces: 3
Parking Type: Surface
Parking Description: Up to 3 spaces on deeded land at the rear of the building. Two rear doors provide access to the building from the parking area.
Zoning Description: MX-M. Medium Intensity Mixed-Use. Allows for a mix of residential and commercial uses.
Lot Frontage: 31 ft
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,056 123,219 294,669
Median Age: 35.33 35.87 37.03
Households: 9,700 54,960 127,909

Contact

Photograph of Listing Agent

Alfredo Barrenechea

Absolute Investment Realty CARNM CIE Member
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