BelVedere Commercial - 300 Broadway Blvd NE

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30794351
Property Subtypes: Street Retail
Condo? Yes
Building Size (RSF): 4,680 SF
Gross Building Area: See Agent
Sale Price: $1,000,000
Property Use Type: Investment
Building Name: 300 Broadway Blvd NE
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/6/2022

Overview / Comments

This ground-level commercial condominium includes Suites A-M (2 buildings for the list price of $1,000,000.00) and is part of the BelVedere project
constructed in 2008. The commercial done is fully leased or pre-leased, and is managed by EDo Spaces. Current tenants are State Farm (since 2018), Confianza, Inc. (since 2021), La Finca restaurant (since 2019), Funky Olive Design (since 2018), Revelry Salon (since 2010), and The Mouse Hole restaurant (opening 7/1/22). Tenants are responsible for their own electricity, janitorial, and all non-structural repairs to the space and its equipment, including glass damage. Owner pays condo dues (which include building insurance, water-sewer-trash-recycling, and common area maintenance) and property taxes. Please see detailed operating pro forma.

Attachments & Media

Financials

Finance Data Year 2022
Potential Rental Income $94,200 (Annual)
Net Operating Income $81,141 (Annual)
Actual or Proforma Year Proforma

Current Tenants

Tenant Business Name La Finca Restaurant
Is Renting? Yes
Tenant Business Name Funky Olive Design
Is Renting? Yes
Tenant Business Name Revelry Salon
Is Renting? Yes
Tenant Business Name State Farm Insurance
Is Renting? Yes
Tenant Business Name The Mouse Hole
Is Renting? Yes

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Downtown
Tax ID/APN: 101405740745114801
Is Condo?: Yes
Zoning: OTHER
Retail Clientele: General
Property Located Between: On Broadway between Tijeras and MLK
Property Visibility: Excellent
Largest Nearby Street: Broadway
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Excellent
Year Built: 2008
Construction/Siding: Brick
Parking Description: On-street parking in front of businesses on Broadway and throughout EDo neighborhood on Arno, Tijeras, and MLK.
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Zoning Description: PD
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Legal Description: UNIT 300 BROADWAY NE B OF BELEVEDERE URBAN COURTYARD LIVING CONDOMINIUMS TOGETHER WITH AN EQUAL UNDIVIDED INTEREST IN THE COMMON ELEMENTS

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,491 116,076 292,848
Median Age: 34.33 35.46 35.43
Households: 9,162 49,362 120,814

Contact

Photograph of Listing Agent

Lara Simon

EDO Spaces CARNM CIE Member
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