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Investment For Sale
Multi-Tenant Investment Opportunity
1606 Central Avenue SE, Albuquerque, New Mexico 87106
Details
- Category Investment
- Type For Sale
- Sale Price $1,600,000 ($118.05/SF)
- CAP Rate 5.27%
- NOI $84,344.36
- Available Space ±13,144 SF
- Lot Size ±0.65 Acres
- Zoning MX-M
Description
- Perfect for owner/occupier office/retail user
- Potential owner/occupier opportunity in vacant suite
- Over $250,000 in capital improvements made to property by current owner
- 79% occupancy with a diverse mix of retail & office tenants
- Located in a high-daytime population area and surrounded by high-density residential
- Close to hundreds of newly-constructed apartment units
- Increased housing and medical development in the area is driving new retail demand
- Great visibility on Central Ave. to ±21,200 cars per day
- One-half mile from I-25
- One minute from Presbyterian Hospital, UNM and CNM
- 37 reserved parking spaces
- Located on Historic Route 66
Documents
Listing Advisors
Retail
Ethan Melvin
- Office505.878.0001
- Direct505.338.4146
- Mobile505.235.9347
- Emailethan@sunvista.com
Retail
John Algermissen, CCIM
- Direct505.998.5734
- Office505.878.0001
- Mobile505.264.7242
- Emailjohna@sunvista.com
