Downtown/Old Town Investment Opportunity

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
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/30/2019

Overview / Comments

This classic New Mexican style office building located at 1412 Lomas Blvd SW, Albuquerque, NM 87104.

This property is a fantastic +/-5,200 SF multi-tenant office building on 0.25 acres and is an ideal owner-user and/or investment opportunity. The property can be purchased with current tenants in place, or can be owner occupied.

The Building features includes 11 offices, 4 bathrooms, break room, conference room, 2 open work areas, a balcony and courtyard. The Property is conveniently located between Old Town and Down Town making it ideal for an attorney’s office. The trade area is one of Albuquerque’s densest trade areas with approximately 253,000 people living within a 5 mile radius which makes it an ideal attorney office. The property has excellent visibility and is one of. Access to the property is convenient with easy ingress and egress to Lomas Avenue. The property has an ample 20 parking stalls. Zoning is MX-L, Mixed-Use, Low Intensity which allows for a wide variety of commercial uses.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Downtown
Tax ID/APN: ABQ123865
Property Visibility: Excellent
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. This space would make a beautiful office setting with open work space and conference area.
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

Contact

Photograph of Listing Agent

Alfredo Barrenechea

Absolute Investment Realty CARNM CIE Member
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