Active

Multi-Tenant Investment Opportunity

1606 Central Ave SE Albuquerque, NM 87106

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Overview

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

Attachments

For Sale

Retail
Investment
Sale Price
$1,600,000
Price Per SF
$118.1/SF
Cap Rate
5.27%
Building Size
13,553 SF
Acres
0.6517 ac
Zoning
MX-M
Zoning Description
Mixed Use Moderate Intensity
Net Operating Income
$84,344.36
Floors
2
Year Built
1950
Submarket
University
Property Use Type
Investment
Property Status
Existing
Vehicles Per Day
21,200 VPD
County
Bernalillo
Available
0025-07-21
Created
2025-07-21
Updated
2025-07-22
Listing ID
cd07d372
Parcel APN
101505733330210310

Placer Mobility Data