For Sale
$4,990,000

950 4Th StAlbuquerque, NM 87102

Downtown Albuquerque Mixed-Use Building, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
117
This iconic, three-story, 33,312 square foot mixed-use building in Albuquerque's NOLO district presents a compelling investment opportunity. Built in 2014, it sits on a 0.9-acre lot and is subject to a 50-year ground lease with options for an additional 20 years. The property boasts 23 units, currently at 87% occupancy, comprising a mix of one, two, and three-bedroom apartments, some furnished, featuring high-end finishes, full kitchens, washers/dryers, and balconies. Ample secured parking is available. The building includes an exercise center, conference room, business office, on-site laundry, and housekeeping facilities. The 8,000 square foot ground floor, currently vacant, offers significant potential for expansion. Options include adding 11 more residential units (totaling 34), developing executive suites, or establishing a full-service restaurant

Highlights

  • Iconic three-story, 33,312 sq ft mixed-use building in Albuquerque's NOLO district.
  • 2014 construction on a 0.9-acre lot with a 50-year ground lease (plus 20-year option).
  • 23 units (87% occupancy), mix of 1, 2, & 3-bedroom apartments with high-end finishes, in-unit laundry, and balconies.
  • 8,000 sq ft vacant ground floor with potential for 11 additional residential units, executive suites, or a restaurant.
  • Amenities include secured parking, exercise center, conference room, business office, and on-site laundry/housekeeping.

Property Details for 950 4Th St

Property type
Retail properties, Mixed-use properties
Square Feet
33,312 SF
Stories
3
Lot Size (sq. ft)
39,204 SF
Units
23

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.093994533741
Longitude
-106.64982930508
950 4Th St, Albuquerque, New Mexico

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950 4Th St
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