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1511 Broadway Blvd SE 6,015 SF Retail Building Albuquerque, NM 87102 $1,600,000 ($266.00/SF) 8.25% Cap Rate
Executive Summary
The stage is set, (literally inside this building) for fun to be had by all. This well known South Valley Building is currently operating as a restaurant/bar. DO NOT DISTURB OCCUPANTS or ANY STAFF. Contact your broker or the listing broker to see it during non-business hours. Great location minutes from the Zoo, Airport, Downtown, and CNM Campus. This versatile building can be used primarily as a restaurant that can hold different events in a friendly atmosphere with generous seating inside and outside in the garden area. Bring your vision, dreams and excitement to make this building all that it could be. Over 6,000 SF inside and outside areas with multiple restrooms, office, separate dining areas and bar with full kitchen! FF&E is separate and not included with the sale of the building. Owner will consider a lease with purchase option. Ask for more details and schedule your showing today.
NOI is estimated for a NNN Lease.
NOI is estimated for a NNN Lease.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
6,015 SF
Building Class
C
Year Built/Renovated
1936/2024
Price
$1,600,000
Price Per SF
$266.00
Cap Rate
8.25%
NOI
$132,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.68 AC
Zoning
MX-L - Mixed Use - Low Intensity
Parking
60 Spaces (9.98 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Nexus Brewery Llc
- Retailer
- 6,015 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Nexus Brewery Llc | Retailer | 6,015 SF | - | - |
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-014-056-334340-1-17-03 | Improvements Assessment | $109,491 |
| Land Assessment | $41,271 | Total Assessment | $150,762 |
Property Taxes
Parcel Number
1-014-056-334340-1-17-03
Land Assessment
$41,271
Improvements Assessment
$109,491
Total Assessment
$150,762
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1511 Broadway Blvd SE
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