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.
|
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
|
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 |
|
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