6801 Washington StAlbuquerque, NM 87109

Property Details for 6801 Washington St

Year built

1973

Lot size

1.00 AC

Property size (Sq ft)

5,700 SF

Property type

Industrial properties

Property subtype

Flex space

APN

1-017-062-149-422-2-04-15

APU

101706214942220415

Description

This exceptional 5,797 square foot industrial warehouse, located at 6801 Washington St NE in Albuquerque, New Mexico, presents a compelling owner-user opportunity. Situated on a one-acre lot, this single-story building boasts recently completed renovations, including maricoat flooring, laminated glass skylights, solid wood doors, and windows. The property features 8-9 foot ceiling heights and a paid-off $90,000 solar carport, significantly reducing energy costs. An 8-foot structural steel fence with two access points enhances security. The warehouse is currently configured as a packaging facility, with the lease expiring October 17, 2024. The property includes a walk-in private vault and refrigerated air. Its strategic location is within one mile of I-25, offering convenient access to major transportation routes. The asking price is $1,390,000, representing a pro-forma cap rate of 7.20% and a price per square foot of $205.28. The property is zoned NR-LM, and the one-acre lot offers potential for future expansion. This turnkey operation is ideal for a variety of industrial uses.

• Alternative Use

  Use

  Valuation

  Residential

  $934,429

  Hospitality

  $855,932

  Educational

  $712,125

  Medical

  $736,616

  Retail

  $1,107,751

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.157

Longitude

-106.599

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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