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2016 Central Ave SW 3,300 SF Specialty Building Offered at $875,000 in Albuquerque, NM 87104
Executive Summary
Three total parcels warrant redevelopment opportunity
2016 Central Ave SW — Occupied by US Postal Service
Lease 8/1/23 – 7/31/28 — $50,193 Annual rent ($4,182.75 /mo)
No additional renewal options exist
USPS has option to terminate with 30 day notice at any time
Lease is modified gross whereby Landlord pays insurance, property taxes, glass breakage, and roof
Tenant pays gas, electric, water, sewer, trash, snow removal, landscape maintenance, and janitorial
2020 Central Ave SW — building is vacant and formerly used as a jewelry store and pawn shop
2016 Central Ave SW — Occupied by US Postal Service
Lease 8/1/23 – 7/31/28 — $50,193 Annual rent ($4,182.75 /mo)
No additional renewal options exist
USPS has option to terminate with 30 day notice at any time
Lease is modified gross whereby Landlord pays insurance, property taxes, glass breakage, and roof
Tenant pays gas, electric, water, sewer, trash, snow removal, landscape maintenance, and janitorial
2020 Central Ave SW — building is vacant and formerly used as a jewelry store and pawn shop
Property Facts
| Price | $875,000 | Lot Size | 1.31 AC |
| Price Per SF | $265.15 | Building Size | 3,300 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1954 |
| Property Subtype | Post Office | Parking Ratio | 8.48/1,000 SF |
| Building Class | C | ||
| Zoning | MX-M | ||
| Price | $875,000 |
| Price Per SF | $265.15 |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Post Office |
| Building Class | C |
| Lot Size | 1.31 AC |
| Building Size | 3,300 SF |
| No. Stories | 1 |
| Year Built | 1954 |
| Parking Ratio | 8.48/1,000 SF |
| Zoning | MX-M |
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Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 1-013-058-141232-3-14-12 | Improvements Assessment | $23,843 |
| Land Assessment | $124,709 | Total Assessment | $148,552 |
Property Taxes
Parcel Number
1-013-058-141232-3-14-12
Land Assessment
$124,709
Improvements Assessment
$23,843
Total Assessment
$148,552
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2016 Central Ave SW