Newly Remodeled Office Building Close to Hospitals, Downtown

Office for Sale
Catylist Listing ID: 30658609
Property Subtypes: Mixed Use, Office Building, General
Building Size (RSF): 1,242 SF
Gross Building Area: See Agent
Sale Price: $235,980
Unit Price: $190 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: 523 Lomas Blvd NE
Class of Space: Class B
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 10/20/2020

Overview / Comments

Oh so convenient to Albuquerque’s hospital district and downtown, this gem of an office building has a reception area with window, two executive offices, a conference room and a work area outfitted with 5 cubicles. This recently remodeled space is ideal for a single tenant location for professionals such as accountants, insurance agents, real estate agents or medical specialists. It can be equally adapted to an executive offices business. A new HVAC system assures comfort for tenants, clients.

Conveniently located just 0.4 mi. west of the I-25 Lomas exit, it offers a straight shot to the downtown area.

This user-friendly neighborhood offers a mix of medical professionals, local businesses, and residential housing. Generous parking in a lot that has been recently resealed and restriped provides convenient free parking for clients and tenants.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Downtown
Tax ID/APN: 101505802009631004
Zoning: MX-M - Mixed-use: Moderate Intensity
Property Visibility: Excellent
Highway Access: Conveniently located just 0.4 mi. west of the I-25 Lomas exit, it offers a straight shot to the downtown area.
Airports: Sunport
Site Description: The property is situated directly east of Downtown Albuquerque along I-25 (201,100 VPD). The property is located on Lomas Blvd. (24,100 VPD) which is a major E-W corridor that runs nearly the entire length of Albuquerque. This location is conveniently located near 3 major hospitals, 2 major medical centers, and UNM main campus, medical campus, and school of law as well as CNM main campuses. The trade area is heavily populated with medical offices, law offices and technology users. The property is less than a mile from the Downtown Railway District, which is the heart of Albuquerque's urban renaissance and has seen an explosion of tenants and residents.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1970
Year Renovated: 2018
Parking Ratio: 8.8 (per 1000 SF)
Parking Type: Surface
Parking Description: Generous 13 parking spaces easily accessible from Lomas or Slate. Recently repaired and restriped.
Total Parking Spaces: 13
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,530 115,800 304,220
Median Age: 33.28 35.74 35.7
Households: 5,789 50,377 125,722

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