1010 3Rd StAlbuquerque, NM 87102

For Sale
$599,000 View listing
  • Warehouses
  • 9,940 SF

Property Details for 1010 3Rd St

Year built
1926
Lot size
0.16 AC
Property size (Sq ft)
9,940 SF
Property type
Warehouses
APN
1-014-058-275-250-4-38-13
APU
101405827525043813

Description

This exceptional 9,940-square-foot industrial building presents a unique investment opportunity in Albuquerque's vibrant downtown area. Located at 1010 3rd St SW, this three-story flex/warehouse property sits on a 0.16-acre lot and is zoned MX-M, allowing for a wide range of uses, including live/work spaces, cannabis-related businesses, automotive services, storage facilities, and more. The building boasts a desirable open clear-span floor plan in the front, while the rear features three stories, including a full basement currently utilized for storage. Key features include one loading dock, convenient alley access, a gated and covered parking/storage area, and two electric services—one of which provides 3-phase high amperage output. Its prime downtown location offers easy access to courthouses and local breweries, making it an attractive proposition for diverse businesses. The property is currently vacant and available for immediate occupancy under a NNN lease. This is a rare chance to acquire a versatile industrial space in a rapidly developing Opportunity Zone. The building's size, zoning, and amenities make it suitable for a variety of commercial ventures. Don't miss this chance to own a piece of Albuquerque's thriving downtown core.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,644,187
    Hospitality
    $1,506,067
    Educational
    $1,253,030
    Medical
    $1,296,123
    Retail
    $1,949,157
1010 3Rd St, Albuquerque, New Mexico

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.0944
Longitude
-106.648
CBSA code
10740
CBSA name
ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,073
$8,488
$47,075
$55,563
-
$25,466
$141,240
$166,706

FAQs

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