401-405 Central Ave NW

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30519614
Property Subtypes: Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 10,657 SF
Gross Land Area: 0.25 SF
Sale Price: $1,500,000
Unit Price: $140.75 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Owner Financing
Last Updated: 7/7/2020

Overview / Comments

+ Great Downtown location at the corner of Central & 4th Street.
+ 10,657 sf total divisible into multiple suites
+ Located in the highly desirable Downtown submarket on the corner of Central
and 4th Street
+ 401-405 Central Ave is currently built out and operating as a nightclub - all
nightclub/restaurant FF&E’s available for turnkey operation
+ 109 4th St is currently occupied, but could be available if needed
+ Liquor license for sale or lease (not included)
+ In close proximity to Alvarado Transit Station, KimoTheater and Convention
Center
+ Zoned MX-FB-UD (City of Albuquerque)
+ Excellent space for restaurant, brewery or distillery
+ Signalized intersection
+ Heavy pedestrian and vehicle traffic 11,000 VPD on Central Ave
+ 37,831 daytime population in a 1 mile radius
+ Outdoor patio available

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Downtown
Tax ID/APN: 101405716444124009
Zoning: MX-FB-UD - Mixed-use: Form-based Urban Development Sub-zone
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: 3rd and 4th Street on Central Ave NW
Property Visibility: Excellent
Largest Nearby Street: Central
Traffic/Vehicle Count: 11,000
Highway Access: Easy access to I-25 from Central
Airports: Albuquerque International Sunport
Area Description: Retail spaces
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Property Condition: Good
Roof Type: Flat
Parking Type: Surface
Zoning Description: Mixed Use Form Based Urban Development
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,351 115,493 301,842
Median Age: 34.94 34.95 34.94
Households: 7,204 47,830 122,589

Contact

Photograph of Listing Agent

Kyla Rhodes Stoker

CBRE CARNM CIE Member
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