$300,000 east Nob Hill Building on .38 acres

Office for Sale
Catylist Listing ID: 30164417
Property Subtypes: Mixed Use, Flex Space, Office Building, Other, General
Building Size (RSF): 3,900 SF
Gross Building Area: See Agent
Gross Land Area: 0.38 Acres
Sale Price: $300,000
Unit Price: $76.92 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: 8/16/2018

Overview / Comments

East NobHill property zoned for MX-M which allows for a multiple of uses including live work space. Great Opportunity for a classroom, yoga studio, art studio, or daycare.

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

This property had HVAC and Plumbing done within the last 2.5 years. 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. Also...it can be redeveloped into a live/work space.

At lease rate of $9.00 psf 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
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.
Number of Stories: 1
Zoning Description: MX-M previously SU-CCR-3

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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