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1606 Central Ave SE
Albuquerque, NM 87106
Prime Retail/Office Location · Retail Property For Sale
EXECUTIVE SUMMARY
Highlights
• Potential owner/occupier opportunity in vacant suite
• Over $250,000 in capital improvements made to property by current owner
• A diverse mix of retail & office tenants with a strong occupancy history
• 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
• Potential owner/occupier opportunity in vacant suite
• Over $250,000 in capital improvements made to property by current owner
• A diverse mix of retail & office tenants with a strong occupancy history
• 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
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
13,144 SF
Building Class
B
Year Built
1950
Price
$1,600,000
Price Per SF
$121.73
Cap Rate
7.67%
NOI
$122,720
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.55
Lot Size
0.55 AC
Opportunity Zone
Yes
Zoning
MX-M - Mixed Use - Medium Intensity
Parking
36 Spaces (2.74 Spaces per 1,000 SF Leased)
Frontage
112’ on Central Ave
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 1-015-057-333302-1-03-10 | Improvements Assessment | $461,868 |
| Land Assessment | $57,231 | Total Assessment | $519,099 |
PROPERTY TAXES
Parcel Number
1-015-057-333302-1-03-10
Land Assessment
$57,231
Improvements Assessment
$461,868
Total Assessment
$519,099
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