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One Central 1 Central Ave NW 78 Unit Apartment Building $38,812,000 ($497,590/Unit) Albuquerque, NM 87102

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INVESTMENT HIGHLIGHTS

Abundant parking in adjacent 3 story garage (free on weekends) with direct retail access
Several outdoor patios and common areas for customers
78 Fully leased apartments

Walkable to theatres, restaurants (several on site), galleries, and entertainment venues
Energy efficient building and design
ART (Albuquerque Rapid Transit) stop directly outside of the building and minutes away from Rail Runner and Amtrak Station

EXECUTIVE SUMMARY

Colliers New Mexico is pleased to offer One Central Plaza for sale—a 2018-built, mixed-use property featuring 78 apartment units, 35,475 square feet of retail space with approximately 20,000 SF of outdoor patios, and a 3-story, 432-space parking garage at the gateway to downtown Albuquerque. Positioned at Central Avenue and 1st Street, the property offers unmatched access to the city’s top entertainment, dining, and cultural destinations. The offering includes three condominium components that may be purchased individually or together: the residential units, the retail space (plus +/- 20,000 SF of shared patios), and the 432-space parking garage. Residents, retailers, and their customers benefit from dedicated parking, with additional spaces open to the public. Apartment rents are currently below market for comparable A-Class properties, with scheduled increases through 2025. The retail space is 44% occupied, and the offering memorandum reflects proforma rents at 95% occupancy, factoring in a future entertainment anchor currently under negotiation. Tenants include Canvas Artistry, Natural Fitness, La Zenita Mexican Restaurant, Yummy’s Mini Donuts, and Smile & Co. Designed by award-winning firms SMPC Architects and Studio Southwest Architects, One Central is a high-profile destination with strong demand from premier tenants.

One Central_Sales Brochure_7.2.2025

PROPERTY FACTS

Price	$38,812,000	Lot Size	1.11 AC
Price Per Unit	$497,590	Building Size	97,406 SF
Sale Type	Investment	Average Occupancy	88%
No. Units	78	No. Stories	6
Property Type	Multifamily	Year Built	2018
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential	Parking Ratio	4.34/1,000 SF
Apartment Style	Mid-Rise	Cross Streets	1st Street NW
Building Class	B	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	MX-M - Mixed Use - Moderate Intensity

Price	$38,812,000
Price Per Unit	$497,590
Sale Type	Investment
No. Units	78
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential
Apartment Style	Mid-Rise
Building Class	B
Lot Size	1.11 AC
Building Size	97,406 SF
Average Occupancy	88%
No. Stories	6
Year Built	2018
Parking Ratio	4.34/1,000 SF
Cross Streets	1st Street NW
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	MX-M - Mixed Use - Moderate Intensity

UNIT AMENITIES

Air Conditioning
Balcony

Washer/Dryer
Stainless Steel Appliances

Range

Patio

SITE AMENITIES

Fitness Center
Laundry Facilities

Gameroom

Media Center/Movie Theatre

Bicycle Storage

1 1

AERIAL
MAP

1 Central Ave NW, Albuquerque, NM - AERIAL map view - Image1

1 Central Ave NW, Albuquerque, NM - AERIAL map view - Image2

1 Central Ave NW, Albuquerque, NM - AERIAL map view - Image3

Walk Score®

Walker's Paradise (95)

Bike Score®

Biker's Paradise (90)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers	Multiple 1-014-057-310440-1-19-22 1-014-057-297429-1-19-23	Improvements Assessment	$4,545,365
Land Assessment	$237,310	Total Assessment	$4,782,675