1128 Pennsylvania StAlbuquerque, NM 87110

Property Details for 1128 Pennsylvania St

Year built

1986

Lot size

1.00 AC

Property size (Sq ft)

17,406 SF

Property type

Office buildings

APN

1-019-058-290-122-4-08-10

APU

101905829012240810

Description

This exceptional Albuquerque office property, located at 1128 Pennsylvania St NE, offers flexible lease options in a well-maintained Class B building. The single-story building, situated on one acre of land in the Uptown submarket, features a total of 9,338 square feet, with multiple suites available ranging from 1,602 to 2,603 contiguous square feet. The building boasts a recently updated lobby, creating a modern and welcoming atmosphere. The property includes a convenient break room with a sink. Tenants will benefit from a new HVAC system ensuring year-round comfort. One hydraulic elevator serves the two-story building. The larger available space includes tenant improvement allowances to customize the space to your specific needs. The property is zoned MX-T and features 3-phase power. This efficient space is ideal for a variety of businesses, previously housing a six-suite accounting firm. Cross street access is available via Mountain Street. This prime Uptown location offers easy access to local amenities and transportation. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $2,515,385

  6.5%

  $2,321,894

  7%

  $2,156,044

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,499,820

  Geo Method

  $1,438,084

• Alternative Use

  Use

  Valuation

  Residential

  $2,879,148

  Hospitality

  $2,637,284

  Educational

  $2,194,190

  Medical

  $2,269,651

  Retail

  $3,413,184

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0907

Longitude

-106.559

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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