Active
517 Gold Ave SW
517 Gold Ave SW Albuquerque, NM 87102
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Overview
Seller Financing available!8 story high rise re-development deal. First two floors have been converted to 60 apartment units in 2017. Floors 3-7 are shell floors ready to be built into an additional 150 units. Property consists of 4 elevators. Huge potential on this property and most of the heavy lifting has been completed. Plans for converting basement into parking are in the works.
Attachments
For Sale
Multifamily
Office
Secondary Uses: High Rise
- Sale Price
- $15,000,000
- Price Per SF
- $61.3/SF
- Building Size
- 244,800 SF
- Zoning
- MX-FB-UD
- Zoning Description
- Form-based Urban Development
- Building Name
- Mehran Lofts
- Building Class
- B
- Year Built
- 1960
- Submarket
- Downtown
- Average Occupancy Rate
- 90
- Total Units
- 60
- Laundry
- Shared
- County
- Bernalillo
- Created
- 2025-03-04
- Updated
- 2025-04-15
- Listing ID
- 15d59e89
- Parcel APN
- 101405711241123104B1