3339 Central AveAlbuquerque, NM 87106

Property Details for 3339 Central Ave

Year built

2009

Lot size

0.85 AC

Property size (Sq ft)

112,032 SF

Property type

Retail space

APN

1-016-057-422-283-1-05-01

APU

101605742228310501

Description

This exceptional Class A retail property, located at 3339 Central Ave NE in Albuquerque, New Mexico, presents a unique investment opportunity. Situated in the desirable Nob Hill submarket, near the University of New Mexico (UNM), this property boasts a total of 90 parking spaces, ensuring ample convenience for customers and employees. The building, encompassing 0.85 acres, features a single structure with a currently vacant 1,401 square feet of retail space, ideal for a variety of uses, including shops and offices. The flexible zoning (MX-M) allows for diverse business applications. The property's strategic location on Central Ave NE, near the intersection of Central and Tulane, provides excellent visibility and accessibility. This is a high-traffic area with strong pedestrian and vehicular flow, making it an attractive location for businesses seeking high exposure. The property's proximity to UNM further enhances its appeal, providing access to a large student and faculty population. This is a rare opportunity to acquire a well-located, Class A retail property in a thriving Albuquerque neighborhood. The ample parking and flexible zoning make this an ideal investment for both established businesses and new ventures. The 1,401 square feet of vacant space offers immediate potential for income generation. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $23,799,344

  6.5%

  $21,968,626

  7%

  $20,399,438

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,326,688

  Geo Method

  $23,325,332

• Alternative Use

  Use

  Valuation

  Residential

  $18,531,358

  Hospitality

  $16,974,624

  Educational

  $14,122,688

  Medical

  $14,608,389

  Retail

  $21,968,626

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0805

Longitude

-106.608

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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