221 San Pedro DrAlbuquerque, NM 87108

Property Details for 221 San Pedro Dr

Year built

1961

Lot size

0.52 AC

Property size (Sq ft)

14,696 SF

Property type

Retail space

APN

1-018-057-255-245-3-38-02

APU

101805725524533802

Description

This exceptional 5,358 square foot creative office space is ideally situated at 217-221 San Pedro Dr. NE. The property boasts a single-tenant occupancy, perfect for a company seeking a dedicated and expansive workspace. Conveniently located just four minutes from I-40, this location offers easy access to major transportation routes. Its proximity to the main entrance of Expo New Mexico provides excellent visibility and accessibility. The building features dedicated parking directly in front, supplemented by shared surplus parking located behind the building, ensuring ample parking for employees and clients. The property is zoned MX-H (IDO Zoning), allowing for a variety of commercial uses. This space presents a unique opportunity for a business seeking a well-located, spacious, and easily accessible creative office environment with ample parking. The building's single-tenant configuration offers privacy and control, while the convenient location and ample parking make it an attractive option for employees and clients alike. The property's size and zoning make it suitable for a range of creative businesses seeking a prominent and functional space. This is a rare opportunity to secure a high-quality, well-located commercial property in a thriving area. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $3,121,922

  6.5%

  $2,881,775

  7%

  $2,675,934

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,191,098

  Geo Method

  $3,059,742

• Alternative Use

  Use

  Valuation

  Residential

  $2,430,885

  Hospitality

  $2,226,678

  Educational

  $1,852,570

  Medical

  $1,916,282

  Retail

  $2,881,775

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0795

Longitude

-106.578

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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