Office/Multi-Family Redevelopment Opportunity

Office for Sale
Catylist Listing ID: 28659812
Property Subtypes: Office Building, General
Building Size (RSF): 5,000 SF
Gross Land Area: 0.40 Acres
Sale Price: $219,000
Unit Price: $43.80 PSF
Property Use Type: Vacant/Owner-User
Building Name: 229 Truman St NE
Class of Space: Class E
Sale Terms: Cash to Seller, Owner Financing, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 9/27/2017

Overview / Comments

5,000 SF Freestanding office building, recently gutted. Owner will build out for Tenant or Sell the property.

Current zoning is O-1, Potential variance for R-3 (High density residential)

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: University
Tax ID/APN: 101705749430910709
Market Type: Medium
Property Located Between: Grand / Copper
Side of Street: West
Road Type: Paved
Property Visibility: Good
Transportation: Bus, Taxi
Site Description: Free-standing 5,000 SF office building
Area Description: Mixed office and residential
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,000 SF

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,506 131,148 308,416
Median Age: 40.33 35.99 37.34
Households: 9,126 58,375 135,987


Photograph of Listing Agent

Clay J Azar

Metro Commercial Realty, Inc.
Photograph of Listing Agent

Isachar Parra

Metro Commercial Realty, Inc.
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