For Sale
$1,150,000

2527-2533 Virginia StAlbuquerque, NM 87110

High-Occupancy Multi-Tenant Office

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a Class B, multi-tenant office building located at 2527-2533 Virginia St NE, Albuquerque, New Mexico, 87110. The property boasts a total of 11,400 square feet situated on a 0.57-acre lot, currently enjoying a 95% occupancy rate. Priced at $1,150,000, this translates to a price per square foot of $100.88. The building operates under a gross lease structure, simplifying management and maximizing return on investment. Its prime location in the Northeast Heights offers easy access to major thoroughfares including Menaul Boulevard, Wyoming Boulevard, Uptown Albuquerque, and Interstate 40, ensuring high visibility and convenient access for tenants and employees. The property is divisible, providing flexibility for future leasing strategies and accommodating a variety of tenant needs. This presents a compelling opportunity for investors seeking a stable, high-occupancy commercial property in a desirable Albuquerque location. The property is situated in Bernalillo County and benefits from its established commercial infrastructure and strong local economy. This is a rare chance to acquire a well-maintained, income-producing asset with significant upside potential.

Highlights

  • Exceptional location in the Northeast Heights submarket.
  • Strong tenant occupancy with stable rental income.
  • Well-maintained building offering significant upside potential.
  • Attractive cap rate for investors seeking steady returns.
  • Excellent value-add opportunity through lease-up or renovations.

Property Details for 2527-2533 Virginia St

Property type
Office properties
Square Feet
11,400 SF
Class
B
Lot Size (sq. ft)
24,829 SF

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.1103668
Longitude
-106.5536516
2527-2533 Virginia St, Albuquerque, New Mexico

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2527-2533 Virginia St
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