For Sale
$2,500,000

1120 Pennsylvania StAlbuquerque, NM 87110

Prime Albuquerque Office, Multi-Tenant Income

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional two-story, 15,655 square foot Class B office building presents a compelling investment opportunity in Albuquerque's Northeast Heights. Situated on a one-acre lot at 1120 Pennsylvania St NE, 87110, this stand-alone property boasts convenient access to I-40 and Uptown. Built in 1988 and extensively renovated in 2018, the building features a new roof (2022), updated restrooms and flooring, fresh paint, and abundant natural light from windows throughout. The efficient HVAC system includes a new rooftop chiller (2018) and new pumps (2022, 2023), along with lighting upgrades for energy efficiency. The property includes a building security system, elevator access to the second floor, and ample parking (3.5 spaces per 1,000 sq ft). Currently housing two tenants, this multi-tenant property offers immediate income potential. Zoned MX-T, this property is perfect for an owner-user seeking income-generating potential. High-speed internet access is available via Lumen fiber and Comcast. The asking price is $2,500,000. Bernalillo County APN: 101905829010840819.

Highlights

  • 15,655 SF Class B office building on a one-acre lot in Albuquerque's Northeast Heights.
  • Excellent I-40 and Uptown access at 1120 Pennsylvania St NE, 87110.
  • Recently renovated (2018) with new roof (2022), updated HVAC, restrooms, flooring, and paint.
  • Ample parking (3.5/1000 SF), elevator, security system, and high-speed internet (Lumen fiber & Comcast).
  • Two tenants provide immediate income; zoned MX-T, ideal for owner-user.
  • Asking price: $2,500,000; Bernalillo County APN: 101905829010840819.

Property Details for 1120 Pennsylvania St

Property type
Office properties
Square Feet
15,655 SF
Class
B
Year Built/Renovated
1988/2018
Buildings
1
Stories
2
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.0902805
Longitude
-106.5591897
1120 Pennsylvania St, Albuquerque, New Mexico

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1120 Pennsylvania St
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