For Sale
$429,000

11016 Central AveAlbuquerque, NM 87123

Two Buildings, High Visibility, Owner Finance

Overview

Added:
Dec 11, 2024
Days on market:
125
This Albuquerque commercial property, located at 11016 Central Ave SE, offers a rare opportunity for investors. The property consists of two freestanding buildings totaling 1,800 square feet on a 0.34-acre lot, providing ample space and parking. Built in 1961 and extensively renovated in 2014, the property features a front building of approximately 965 square feet with tile flooring, a combination HVAC system, a TPO roof, recessed lighting, and two ADA-compliant restrooms plus storage. The rear building, approximately 800 square feet, includes HVAC heating and cooling, evaporative air conditioning, pre-plumbing for a bathroom, a separate floor drain, open workspace, and a large overhead door. The property boasts excellent visibility and high traffic counts due to its location on Central Avenue SE, near Dion's restaurant, Sandia National Laboratory, and Kirtland Air Force Base. The MX-H zoning allows for diverse uses, including cannabis retail, cultivation, product manufacturing, and drive-through options. The asking price is $429,000, and owner financing is available. This is a turnkey opportunity with significant potential. The property is currently vacant and is offered as a NNN lease. The tenant must be credit rated.

Highlights

  • $429,000 asking price for this retail property.
  • 1,800 square feet, with a price per square foot of $238.33.
  • Located at 11016 Central Ave SE, Albuquerque, NM 87123, on a 0.34-acre lot.
  • Features two 1-story buildings, built in 1961 and renovated in 2014.
  • NNN lease type, vacant, and credit-rated tenant preferred.
  • MX-H zoning allows for multiple uses, including cannabis retail.

Property Details for 11016 Central Ave

Property type
Retail properties, Restaurants
Square Feet
1,800 SF
Year Built/Renovated
1961/2014
Buildings
2
Stories
1
Lot Size (sq. ft)
14,810 SF

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.070883857158
Longitude
-106.5240029762
11016 Central Ave, Albuquerque, New Mexico

FAQs

What type of property is this?
Retail property - Two Buildings, High Visibility, Owner Finance
Where is the retail property located?
The property is located at 11016 Central Ave Albuquerque, NM.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: $429,000 asking price for this retail property.; 1,800 square feet, with a price per square foot of $238.33.; Located at 11016 Central Ave SE, Albuquerque, NM 87123, on a 0.34-acre lot.
How can I contact the broker?
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11016 Central Ave
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