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3 bldg complex near UNM - Residential redevelopment opportunity

2500 Garfield Ave SE Albuquerque, NM 87106

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Overview

Three building office complex near UNM for sale. Each building is situated on its own fee simple lot. Currently leased as executive suites with a 2,800+- SF vacant space available for owner occupied user. The complex has three buildings with a total of 21 executive suites, 2 garage units, 1 large vacant office/retail suite in shell condition needing TI and 2 detached storage buildings. The leased executive suites are on short term leases (all expiring in less than 12 months) so if the buyer is looking to redevelop the income can be kept during planning stages. Entire complex for sale at $1,300,000 but seller will consider selling individual fee simple lots/buildings.

For Sale

Office
Retail
Multifamily
Healthcare

Secondary Uses: Mixed Use, Student Housing, Business Park, Executive Suites, Medical, Strip Center

Sale Price
$1,300,000
Price Per SF
$124.3/SF
Building Size
10,462 SF
Acres
0.55 ac
Zoning
MX-T
Tenant
Executive Suites
Building Name
Garfield Plex
Parking Spaces
37
Submarket
University
Property Status
Existing
County
Bernalillo
Created
2024-07-17
Updated
2024-07-17
Listing ID
c73dfc30

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