1610 San Pedro DrAlbuquerque, NM 87110

This exceptional mixed-use property, located at 1610 San Pedro Dr NE in Albuquerque, New Mexico, presents a compelling investment opportunity. The 2,520 square foot building sits on a 0.24-acre lot and boasts a strong 7.51% capitalization rate, generating a net operating income (NOI) of $22,518. The property features two separate units, each with its own electrical and gas meters, offering flexibility for various uses. The front unit, currently configured as office space, includes two bathrooms and excellent signage potential, while also being suitable for retail purposes. The rear unit, previously utilized as a salon and pet grooming business, is equipped with a shower, washer/dryer hookups, and two bathrooms, making it ideal for live/work arrangements. Both units are currently occupied, ensuring immediate cash flow. The property is zoned MX-L and is available for a 1031 exchange. The asking price is $299,900, translating to $119.01 per square foot. Occupancy is expected to continue until October 1, 2024. The property's prime location near Uptown Albuquerque offers excellent visibility and accessibility. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving Albuquerque neighborhood. The Bernalillo County Assessor's Parcel Number (APN) is 101805827421642514.