423 San Mateo Blvd Albuquerque, NM 87108

This exceptional investment opportunity presents a 3,100 square foot Class C shopping center located at 423-425 San Mateo Blvd NE in Albuquerque, New Mexico, 87108. The property, built in 1951, sits on a 0.15-acre lot and offers 3,000 square feet of net rentable space, currently at 50% occupancy. Priced at $299,000 ($96.45/sq ft), this owner-user property is zoned MX-L and features two units, each with its own unique layout. The flexible space is ideal for a variety of retail or office uses. Each unit boasts private offices, work or retail areas, break rooms, kitchenettes, storage areas, and two bathrooms. A significant advantage is the ample parking, with six spaces available. Further enhancing the value proposition, both units have recently undergone upgrades, including the installation of new HVAC systems. One unit has a tenant with an expiring lease, presenting a potential for increased rental income. This property offers a compelling value-add opportunity in a desirable Albuquerque location, just minutes from Nob Hill. The property's features, combined with its strategic location and potential for increased occupancy, make it an attractive investment for discerning buyers.