Catylist ID:
#30638381
Former St Mary's Nursing Home in Downtown
Multi-Family
for Sale
Sale Pending/Contingent
| Catylist Listing ID: | 30638381 |
| Property Subtypes: | Government Subsidized, Low-Rise/Garden, Mixed Use, Senior Living, Other |
| Status: | Pending/Contingent |
| Number of Units: | 24 Units |
| Building Size (RSF): | 14,637 SF |
| Gross Land Area: | 0.62 Acres |
| Sale Price: | $725,000 |
| Unit Price: | $30,208.33 Per Unit |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment, Vacant/Owner-User |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 7/19/2021 |
Overview / Comments
|
• Excellent Residential, Office, Institutional Redevelopment Opp in West Downtown • 14,637 Bldg SF Former Assisted Living Facility on 0.62 Acres • MX-FB-ID (Form-Based Infill Development) Zoning, City of ABQ • Well Positioned Site in the Path of West Downtown Resurgence • In Close Proximity to Restaurants, Medical & Entertainment • Clean Phase I Environmental Assessment • LOCATED IN AN OPPORTUNITY ZONE |
Attachments & Media
Additional Details
| Nearest MSA: | Albuquerque |
| County: | Bernalillo |
| Submarket/Township: | Downtown |
| Tax ID/APN: | 101405705949524504 |
| Percent Occupied: | 0% |
| Property Located Between: | Copper and Tijeras |
| Site Description: | Sturdy 2-story brick constructed nursing facility formerly used as a rest home for retired nuns in the Archdiocese. U-shaped building footprint with secured courtyard and large outdoor community area, which could be easily converted into on-site, secured parking. |
| Area Description: | Excellent infill redevelopment opp in West Downtown area abutting long established residential neighborhoods and CBD business district |
| Total Number of Buildings: | 1 |
| Property Condition: | Fair |
| Number of Stories: | 2 |
| Year Built: | 1958 |
| Year Renovated: | 1980 |
| Construction/Siding: | Brick |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 16,735 | 119,188 | 289,809 |
| Median Age: | 37.12 | 34.51 | 34.84 |
| Households: | 7,833 | 48,686 | 116,917 |
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