401 Central Avenue NE Albuquerque, NM ^$ 700,000

401 Central Avenue NE

^$ 700,000

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401 Central Avenue NE

Albuquerque, NM, 87102

^$ 700,000

Studio Baths0.0

Monthly Estimate*

^$ 4,890

401 Central Avenue NE, Albuquerque, NM 87102 - Image 1

401 Central Avenue NE, Albuquerque, NM 87102 - Image 2

401 Central Avenue NE, Albuquerque, NM 87102 - Image 3

401 Central Avenue NE, Albuquerque, NM 87102 - Image 4

401 Central Avenue NE, Albuquerque, NM 87102 - Image 5

401 Central Avenue NE, Albuquerque, NM 87102 - Image 6

401 Central Avenue NE, Albuquerque, NM 87102 - Image 7

401 Central Avenue NE, Albuquerque, NM 87102 - Image 8

401 Central Avenue NE, Albuquerque, NM 87102 - Image 9

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401 Central Avenue NE, Albuquerque, NM 87102 - Image 11

401 Central Avenue NE, Albuquerque, NM 87102 - Image 12

Studio

Commercial Property for sale in Albuquerque, NM

for $700,000.

This ground-level commercial condominium is part of the City Market Lofts building constructed in 2004. Upstairs in this 3-story brick building are 10 residential condos. The building has been fully occupied for a decade, and has been managed by EDo Spaces. Current tenants are Nuve Salon (since 2020), Spaces (since 2009), and EDo Storage (since 2012). Tenants are responsible for their own electricity, janitorial, and all non-structural repairs to the space and its equipment, including glass damage. Owner pays condo dues (which include building insurance, water-sewer-trash-recycling, and common area maintenance) and property taxes.

Commercial Active

Price

^$ 700,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 5,600

Style

MixedUse

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1029900

Features

General

Heating MultipleHeatingUnits Combination

Cooling HeatPump Refrigerated Item2Units

Utilities CableNotAvailable ElectricityConnected NaturalGasNotAvailable PhoneConnected SewerConnected UndergroundUtilities WaterConnected

Construction Materials Brick

Property SubType MixedUse

Gross Income 77700.0

Accessibility WheelchairAccess

County Bernalillo

Operating Expense 25081.0

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Status Active

Directions Located at the corner of Central and Arno one block east of Broadway. From I-25 S exit MLK/Central right on Central pass Edith building is between Edith and Arno metered parking in front.

City Albuquerque

Buyer Agent Compensation 3%

Disclosures PrincipalisRealEstateLicensed RANM2100Disclosure

View Y/N N

Senior Community Y/N N

Zoning Description PD*

MLS Area 80 - Downtown Area

Lot Size Square Feet 0.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Central

Listing Terms Cash Conventional Other SeeRemarks

Property Attached Y/N N

Land Lease Y/N N

Tax Annual Amount 5600.08

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Leasable Area 100.0

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 314

Lease Type Other SeeRemarks

Standard Status Active

Exterior

Total Parking 0.0

Spa N

Lot Size Acres 0.0

Lot Size Source PublicRecords

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 3

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Street Suffix Avenue

Electric On Property Y/N N

* Excluded Features

List By

Jeanette Delgado

Listing Agent

Edo Spaces, Llc

Broker

Jeanette@edospaces.com

Affordability Calculator

$5,356

Per Month

Monthly Principal & Interest: $4,890
Monthly Property Taxes: $467
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Albuquerque, NM

Average List Price ^$798,359

Percent of Sale Price 14%

About Albuquerque, NM

565,162 Population

25% Since 2002

^$49,805 Median Income

36.92 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

537023 Elementary School

537125 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/3/2024	$700,000		Listed Price

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401 Central Avenue NE, Albuquerque, NM, 87102 is a Commercial Property for sale at $700,000. 401 Central Avenue NE is a studio with 0.0 baths. The property's zip code is 87102 which is in Albuquerque, NM

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Southwest Multiple Listing Service, Inc.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Southwest Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/30/2024.

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401 Central Avenue NE

Commercial Property for sale in Albuquerque, NM

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