Gym, Fitness, Classroom, Light Industrial, Events, Art Studio, Offices

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30164417
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Vehicle Related, Other
Status: Pending/Contingent
Building Size (RSF): 3,900 SF
Gross Building Area: See Agent
Gross Land Area: 0.38 Acres
Sale Price: $295,000
Unit Price: $75.64 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: 120 Jefferson St NE
Sale Terms: Cash to Seller
Last Updated: 3/13/2019

Overview / Comments

East NobHill property zoned for MX-M which allows for a multiple of uses. Great Opportunity for a gym, fitness, yoga or martial arts studio. A class room, café, brewery and tap room. Light manufacturing. Retail shop. Small restaurant. Auto tinting or detailing. Offices.

Property is basically an open floor plan with 2 offices, 2 bathrooms and a break room. Large lot with plenty of parking.

Large parking lot sits south of building.

This property is for sale or lease. Great opportunity for an owner user or for an investor leasing it. can be redeveloped into a live/work space.

At lease rate of $9.00 psf possible cap rate is 8.37%

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: University
Tax ID/APN: ABQ148694
Zoning: MX-M - Mixed-use: Moderate Intensity
Retail Clientele: General, Business, Recreation, Other
Property Located Between: Copper and Central
Property Visibility: Excellent
Area Description: This property is located on Jefferson St, right off of Central Ave in the Nob Hill area. Central Ave, Old Route 66, is one of the busiest streets in the heart of Albuquerque, NM. Jefferson serves a residential population to the north and the day-time population of local businesses.
Tenancy: Single Tenant
Number of Stories: 1
Zoning Description: MX-M previously SU-CCR-3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,519 128,262 296,434
Median Age: 41.45 35.63 37.28
Households: 9,473 57,015 130,125


Photograph of Listing Agent

Consuelo (Conni) Horne

Absolute Investment Realty CARNM CIE Member
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