Retail Strip with Apartments (Coal & 9th)

Retail-Commercial for Sale
Also listed as Multi-Family
Catylist Listing ID: 30340432
Property Subtypes: Mixed Use, Retail-Pad, Street Retail
Building Size (RSF): 5,987 SF
Gross Building Area: See Agent
Gross Land Area: 12,715 SF
Sale Price: $600,000
Unit Price: $100.22 PSF
Property Use Type: Investment
Building Name: 922 Coal Mixed Use Building
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Average Occupancy Rate: 90
Last Updated: 10/11/2018

Overview / Comments

This parcel has an excellent location in the heart of downtown Albuquerque. It is located off Coal and 9th Street, in the epicenter of the huge initiative to add growth to downtown Albuquerque. This is a corner lot with tremendous street exposure. The building consists of 8 units; 4 retail pads, and 4 apartments above. The tenants are consistent and have occupied 90%+ of the building for 8+ years.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Downtown
Tax ID/APN: ABQ143180
Zoning: MX-L - Mixed-use: Low Intensity
Retail Clientele: General, Business, Recreation, Other
Property Located Between: Coal and 9th Street
Property Visibility: Excellent
Largest Nearby Street: Coal
Highway Access: I-25 & I-40
Airports: ABQ Sunport
Site Description: This parcel has an excellent location in the heart of downtown Albuquerque. It is located off Coal and 9th Street, in the epicenter of the huge initiative to add growth to downtown Albuquerque.
Area Description: Heart of downtown Albuquerque where major initiatives for growth have been in motion. Easy access to I-25 & I-40
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,993 SF
Property Condition: Good
Roof Type: Flat
Construction/Siding: Concrete
Exterior Description: Building has an excellent sturdy build. Building is made of concrete.
Total Parking Spaces: 30
Parking Type: Surface
Sprinklers: Other
Air Conditioning: Package Unit
Zoning Description: MX-L low intensity mixed use with much potential.
Legal Description: Lot N strong bennet subd being apart of blks 34 &40 Raynolds ADDN

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,803 113,172 291,695
Median Age: 36.25 34.34 34.29
Households: 6,839 46,210 116,360
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