Beautiful Law Office Building

Office for Sale
Catylist Listing ID: 30667098
Property Subtypes: Office Building, General
Building Size (RSF): 8,900 SF
Gross Building Area: 11,613 SF
Gross Land Area: 0.74 Acres
Sale Price: $1,100,000
Unit Price: $123.60 PSF
Ceiling: 8 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: 5201 Constitution Ave NE
Class of Space: Class B
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 4/12/2021

Overview / Comments

Beautiful law office building available near I-40 and San Mateo. Downstairs is set up with multiple partner offices, small working offices, a break room and a large conference room. Upstairs offers 2 office spaces, a small cubicle area as well as a residence. There is a possible leaseback option for the current upstairs tenant. There is a two car garage with access to upstairs. Private gated parking for the business, as well as adequate parking in front for the tenant.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: University
Taxing Authority: Bernalillo County
Tax ID/APN: 101705850327310801
Zoning: O-1 - Office and Institution Zone
Property Located Between: On Constitution, west of San Mateo
Property Visibility: Good
Highway Access: From I-40 head south on San Mateo Boulevard for 0.7 miles. Turn right (west) on Constitution and the property is the first building on the right.
Site Description: Two story commercially zoned property. With approximately 2,500 SF residence on second floor. Perfect for office user with onsite living quarters.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1995
Year Renovated: 2004
Construction/Siding: Stucco
Parking Ratio: 0.2 (per 1000 SF)
Parking Type: Surface, Other
Parking Description: 7 gated parking spots plus two car garage for private parking. 16 public use parking spots.
Total Parking Spaces: 25
Heat Type: Natural Gas
Heat Source: Baseboard, Central
Air Conditioning: Package Unit
Zoning Description: O-1 with SU permit for residential upstairs
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LT 1-A BLK G PLAT OF LT 1-A BLK G SMITHS SANDIA HILLS

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,973 151,361 333,834
Median Age: 40.98 36.3 37.8
Households: 8,538 67,600 146,816

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