BUILDING WITH PRICELESS CONTIGUOUS LAND IN NOB HILL

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30294857
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 2,088 SF
Gross Building Area: See Agent
Sale Price: $938,750
Unit Price: $449.59 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: 118 Richmond Dr NE
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/24/2018

Overview / Comments

This two-story pueblo designed multi-purpose building is located between Central Avenue and Monte Vista Blvd, northwest of Yanni's Restaurant and parking lot. The property includes the rare undeveloped land immediately east of the building. The vacant land is an invaluable feature of the property. The land is further described diagrammatially in the attachments as "Fenced Lot Dimensions" which portrays the unsurveyed fence line.

The ground floor includes approximately 1,232 SF, the upper floor 854 SF. A five-ton refrigerated A/C unit serices the ground floor, a three-ton unit services the upper floor. Immediately adjacent to the rear of the building on the east side is a fenced undeveloped parcel as shown on the accompanying fence line detail drawing. Parking spaces on the north side of the builidng allow for about 6 vehicles. Parking meters are located immediately in front of the building. The measurements have not been confirmed by a field survey or staking. The ground floor currently is used for a coffee shop. The upper floor, recently vacated, is ideal for an office. The property is zoned MX-T, Transition.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: University
Taxing Authority: Bernalillo County
Tax ID/APN: ABQ143517
Zoning: MX-T - Mixed-use: Transition
Retail Clientele: General, Business
Property Located Between: Central Avenue and Monte Vista Blvd
Property Visibility: Excellent
Largest Nearby Street: Central Avenue
Airports: Albuquerque International Sunport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Roof Type: Flat
Construction/Siding: Stucco
Exterior Description: Pueblo style
Total Parking Spaces: 6
Parking Ratio: 2.9 (per 1000 SF)
Parking Type: Surface
Parking Description: On site and metered parking on Richmond. The "extra" lot to the east could be used for additional parking.
Sprinklers: None
Heat Type: Other
Heat Source: Other
Air Conditioning: Package Unit
Zoning Description: MX-T
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,653 120,882 286,752
Median Age: 33.61 35.93 36.98
Households: 8,497 54,716 124,399
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