Home / Albuquerque / Downtown Area / MLS #1029900

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401 Central Avenue NE

Albuquerque, NM 87102

$700,000

02/21/2023

Listing Date

1029900

Listing #

87102

Zip Code

Bernalillo

County

About This Property

INVESTOR FIND W/SPECIAL REQUIREMENTS: Fully occupied and ready for silent investor. This ground-level commercial condominium is part of the City Market Lofts building constructed in 2004. Current tenants are Nuve Salon (since 2020), Edo Spaces (since 2009), and EDo Storage (since 2012). Tenants are responsible for their own electricity, janitorial, and all non-structural repairs to the space and its equipment, including glass damage. Owner pays condo dues (which include building insurance, water-sewer-trash-recycling, and common area maintenance) and property taxes.Proforma available upon request.

Building And Construction

Property Type: Commercial Sale

Property Sub Type: Mixed Use

Construction Materials: Brick

Provisional

MLS #: 1029900

Gross Income: 77700

Leasable Area: 100 sqft

Listing Terms: Cash, Conventional, Other, See Remarks

Operating Expense: 25081

Area And Schools

City: Albuquerque

Postal Code: 87102

MLS Area Major: Downtown Area

County: Bernalillo

Accessibility Features: Wheelchair Access

Parcel Number: 101405742739313008aa

Utilities

Utilities: Cable Not Available, Electricity Connected, Natural Gas Not Available, Phone Connected, Sewer Connected, Underground Utilities, Water Connected

Cooling: Multi Units, Refrigerated

Heating: Combination, Multiple Heating Units

Heating (Y/N): Yes

Location

Directions: Located at the corner of Central and Arno, one block east of Broadway. From I-25 S, exit MLK/Central, right on Central, pass Edith, building is between Edith and Arno, metered parking in front.

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Listing courtesy of EDO Spaces, LLC

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

Daria Derebera

Real Estate Agent in Albuquerque, NM

(505) 521 8550

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