2637 Texas StAlbuquerque, NM 87110

Property Details for 2637 Texas St

Year built

1960

Lot size

0.17 AC

Property size (Sq ft)

2,400 SF

Property type

Retail space

APN

1-019-059-359-320-1-03-08

APU

101905935932010308

Description

This beautifully renovated 1,700 square foot creative office space, located in the desirable NE Heights neighborhood, presents a unique opportunity for a discerning tenant. Previously configured as a dance studio, the property boasts two spacious dance floors, ideal for a variety of uses beyond dance. The layout includes a welcoming reception area, perfect for client interaction or a collaborative workspace. Two ADA-compliant restrooms and a dedicated changing room add to the functionality and convenience. Recent renovations have resulted in brand new flooring, fresh paint, and updated lighting throughout, creating a bright and modern atmosphere. The property sits on a 0.17-acre lot and is zoned MX-M, offering flexibility for a range of creative businesses. The single-tenant occupancy ensures privacy and control over the space. This exceptional property is ready for immediate occupancy and offers a rare blend of character and contemporary amenities in a highly sought-after location. Its prime location in the NE Heights provides easy access to Uptown and surrounding areas, making it an attractive option for businesses seeking a vibrant and accessible environment. The combination of its unique features, recent renovations, and favorable zoning makes this an exceptional opportunity for a creative business seeking a stylish and functional space. The property's modern aesthetic and functional design make it an ideal space for a variety of creative businesses seeking a unique and inspiring work environment. The ample space and flexible zoning provide the potential for customization to meet specific business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $509,840

  6.5%

  $470,621

  7%

  $437,006

• Comparable approach

  Method

  Valuation

  Relative Method

  $521,137

  Geo Method

  $499,686

• Alternative Use

  Use

  Valuation

  Residential

  $396,987

  Hospitality

  $363,638

  Educational

  $302,542

  Medical

  $312,947

  Retail

  $470,621

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.1107

Longitude

-106.557

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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