Former St Mary's Nursing Home in Downtown

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30638381
Property Subtypes: Government Subsidized, Low-Rise/Garden, Mixed Use, Senior Living, Other
Status: Pending
Number of Units: 24 Units
Building Size (RSF): 19,959 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: 11/13/2020

Overview / Comments

• Excellent Residential or Institutional Redevelopment Opp in West Downtown
• 19,600+/- 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

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

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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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