Downtown Property for Investors or Owner Occupied — Sale in Albuquerque, NM

  • Price: $1.2M
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Albuquerque, NM 87102
  • Size: 6,123 SF

Investment Figures

Cap rate
6.90%
Price per square foot
$193

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

A WORLD OF OPPORTUNITY AWAITS WITH ENDLESS POTENTIAL! Take advantage of these TWO properties/THREE structures and bring your vision to life. Primary Building is leased and has 3 of a 5 year remaining. Two other structures include spacious offices/rooms, storage, a kitchenette, grand display rooms, and a building great for renovating! Whether it's a boutique, café, or creative hub, this space offers a canvas ripe for artistic innovation. Imagine transforming the ample square footage into a performing arts space or a film studio. Commercial zoning opens the door to a variety of uses, from retail, to live performances to production hubs. Current rent for primary building is $8,000 a month, only expenses for a new buyer are taxes and insurance which current costs to owner are $3986.20 per year. Tenant only rents front building so back building and building at 635 can be owner occupied or leased out for even higher CAP Rate. 635 and 637 Broadway are listed here together or can be sold separate, see other listings Building SF: 6123 | Land Size: 0.15 Ac | Listing Type: FOR SALE

Market Context

This industrial in Albuquerque, NM is listed for sale at $1,182,000 across 6,123 SF. It is offered at an approximate 6.9% capitalization rate, a key benchmark for income-producing industrial assets. It has been on the market for 9 days. Compare it against other industrial listings for sale in Albuquerque, NM — view the full market.

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