401 2Nd StAlbuquerque, NM 87102

Property Details for 401 2Nd St

Lot size

0.10 AC

Property type

Commercial land

APN

1-014-057-312-505-1-33-03

APU

101405731250513303

Description

This exceptional 7,476-square-foot storefront property, located at the southwest corner of 2nd Street and Lead Avenue in Albuquerque, New Mexico (zip code 87102), presents a unique investment opportunity. Situated on a 0.2-acre lot, this single-story building is zoned MX-FB-UD and boasts a compelling history as a former tortilla factory, now creatively repurposed into fifteen art studios. The property offers significant potential for owner-use or continued operation as a multi-tenant space. Recent improvements include the installation of two-year-old HVAC units and the provision of three-phase electrical service, ensuring efficient and reliable operation. A prominent storefront window in the front gallery provides excellent visibility and street appeal. The property includes a party wall with an adjacent owner and convenient back delivery access via a curb cut. Eight parking spaces are available in an adjacent lot, supplemented by ample street parking. The asking price is $880,000, translating to $117.71 per square foot. This Albuquerque retail space is ready for its next chapter.

• Alternative Use

  Use

  Valuation

  Residential

  $706,140

  Hospitality

  $646,821

  Educational

  $538,147

  Medical

  $556,655

  Retail

  $837,118

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0869

Longitude

-106.647

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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