Downtown/Old Town Office for Sale

Office for Sale
Catylist Listing ID: 30339086
Property Subtypes: Executive Suites, Office Building
Building Size (RSF): 5,200 SF
Gross Building Area: See Agent
Gross Land Area: 0.25 SF
Sale Price: $520,000
Unit Price: $100 PSF
Property Use Type: Investment, Business
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/14/2018

Overview / Comments

This classic New Mexican style office building located at 1412 Lomas Blvd SW, Albuquerque, NM 87104. The property is currently being utilized as a +/-5200 SF office which includes a lobby, 11 offices, 4 bathrooms, break room, conference room, 2 work areas, a balcony and courtyard. The building is situated on approximately 0.2456 acres and has ample parking. This property is ideally located for businesses that can take advantage of it’s proximity to old town and down town.
This property is ideal as a pure investment property, owner occupied property or a combination thereof. Currently, the property is occupied by 6 tenants, all in the legal profession. The current owner, also an attorney, will entertain a leaseback of all or a portion of the remaining office area. Please inquire with the broker for more information and to schedule a tour of this fantastic opportunity.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Downtown
Tax ID/APN: ABQ123865
Highway Access: Quick access to both 1-25 and 1-40
Site Description: This property is located 2 blocks from historic Old Town and just west of Down Town trade area of Albuquerque, New Mexico, near Albuquerque’s most famous attractions including the Albuquerque Aquarium and Bio Park, Tingly Beach, the Albuquerque Museum, Natural History Museum, and Explora children's museum. The Property is at the intersection of Lomas and 15th Street just east of Rio Grande Blvd which is a gateway to old town and adjacent to down town with quick access to both 1-25 and 1-40.
Total Number of Buildings: 1
Number of Stories: 2
Parking Type: Surface
Parking Description: On site.
Zoning Description: Mixed Use-Low Intensity

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,607 119,006 299,522
Median Age: 39.71 34.72 34.22
Households: 5,689 48,144 118,463


Photograph of Listing Agent

Alfredo Barrenechea

Absolute Investment Realty CARNM CIE Member
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