6610 Central AveAlbuquerque, NM 87108

  • Retail space
  • 3,129 SF
For Sale
$585,000 View listing

Property Details for 6610 Central Ave

Year built
1955
Lot size
0.65 AC
Property size (Sq ft)
3,129 SF
Property type
Retail space
APN
1-018-057-377-123-4-14-10
APU
101805737712341410

Description

This versatile 3,129 square foot freestanding retail building is located at 6610 Central Ave SE in Albuquerque, New Mexico, 87108. Situated on a 0.65-acre lot in Bernalillo County, this Class B property boasts exceptional visibility to nearly 19,000 cars daily. The single-tenant building features a recently renovated interior, a perimeter fence with a gated yard, and a large pylon sign for optimal advertising. The property includes one 8' x 10' roll-up door, making it suitable for a variety of uses. Its MX-M zoning provides flexibility for potential tenants. The building's size and features make it ideal for businesses such as auto sales or service, or any industrial user requiring a secure, fenced yard. This prime Albuquerque location offers significant potential for growth and profitability. The property is available for sale or lease. The building is a single-story structure.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $664,704
    6.5%
    $613,573
    7%
    $569,747
  • Comparable approach

    Method
    Valuation
    Relative Method
    $679,433
    Geo Method
    $651,465
  • Alternative Use

    Use
    Valuation
    Residential
    $517,572
    Hospitality
    $474,093
    Educational
    $394,440
    Medical
    $408,005
    Retail
    $613,573

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.0761
Longitude
-106.574
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
$4,722
$61,906
$36,511
$98,417
-
$185,736
$109,545
$295,281

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