Active
100% Fully Leased Investment Opportunity!
218 Gold Ave SW Albuquerque, NM 87102
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Overview
Introducing a great investment opportunity – a 6,555 SF building with 2 units, with the 1st floor restaurant space renovated in 2022 and the 2nd floor space renovated October of 2024. A brand new tenant was just added to the 2nd floor with a 5 year term. The 1st floor restaurant tenant is 1 year into a 5 year term.
Bring your investors to a historic building opportunity in downtown Albuquerque!
Projected 2025 APOD available upon request.
- 6,555 SF building with 2 units
- Zoned MX-FB-UD for versatile use
- Centrally located in downtown Albuquerque
- Sturdy brick construction for durability
- Brand new tenant in the 2nd floor office space
- Restaurant tenant occupying the 1st floor
- Versatile income-producing property
- Historic charm with modern functionality
- Ideal investment opportunity
Attachments
For Sale
Office
Investment
- Sale Price
- $575,500
- Price Per SF
- $87.8/SF
- Investment
- Yes
- Cap Rate
- 6.6%
- Net Operating Income
- $37,711.31
- Building Size
- 6,555 SF
- Acres
- 0.02 ac
- Tenant
- Yes
- Building Name
- Gold Avenue Building
- Floors
- 2
- Submarket
- Downtown
- Tax ID Number
- 1-014-057-207-373-2-26-12
- Property Use Type
- Vacant/Owner-User
- Property Status
- Existing
- Average Occupancy Rate
- 100
- County
- Bernalillo
- Created
- 2024-04-11
- Updated
- 2024-10-28
- Listing ID
- b600b5a3
- Parcel APN
- 101405720737322612