11016 Central AveAlbuquerque, NM 87123

Property Details for 11016 Central Ave

Year built

1961

Lot size

0.34 AC

Property size (Sq ft)

1,021 SF

Property type

Retail space

APN

1-021-056-255-470-1-05-30

APU

102105625547010530

Description

This exceptional commercial property, located at 11016 Central Avenue SE in Albuquerque, New Mexico, presents a rare investment opportunity. The 0.34-acre lot boasts two freestanding buildings totaling 1,800 square feet, offering significant flexibility for a variety of commercial uses. The property is fully enclosed and gated, providing enhanced security. The front building, approximately 1,000 square feet, features tile flooring, a combination HVAC system, a TPO roof, recessed lighting, and two ADA-compliant restrooms, plus a convenient storage/mop room. The rear building, approximately 800 square feet, includes HVAC heating and cooling, evaporative air conditioning, and is pre-plumbed for a bathroom. It also features a separate trough floor drain, open workspace, and a large overhead door, ideal for various operational needs. The property benefits from excellent visibility and high traffic counts on Central Avenue, further enhanced by a large freestanding sign. Ample parking is available on-site. Remodeled in 2014, this property is zoned MX-H, allowing for numerous potential uses, including, but not limited to, cannabis retail, cultivation, and product manufacturing, as well as drive-through options. Its strategic location near Dion's restaurant, Sandia National Laboratory, and Kirtland Air Force Base provides exceptional access to a diverse customer base. Owner financing is available, making this an even more attractive proposition for discerning investors.

• CAP approach

  CAP return

  Valuation

  6%

  $216,895

  6.5%

  $200,211

  7%

  $185,910

• Comparable approach

  Method

  Valuation

  Relative Method

  $221,701

  Geo Method

  $212,575

• Alternative Use

  Use

  Valuation

  Residential

  $168,885

  Hospitality

  $154,698

  Educational

  $128,707

  Medical

  $133,133

  Retail

  $200,211

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0707

Longitude

-106.524

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].