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    3122 Central Ave SE Albuquerque, NM 87106

    Sponsored
    Picture of Retail space at Central Ave SE 3122, Albuquerque, NM
    For Sale
    $400,000

    SINGLE_FAMILY - Albuquerque, NM

    Type:Retail
    Lot size:
    0.04 Acres
    Days on Market:
    211
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 3122 Central Ave SE

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    101605735527443111
    Parking features
    On Street
    Lot size
    0.04 Acres

    Building Details

    Floors in Building
    1
    Building materials
    Block

    Maddox & Co. REALTORS (505) 764-0400 [email protected]

    Listing agent Liska Maddox (505) 764-0400 License #47587

    Listing date Jun 9, 2025

    Copyright © 2025 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Nob Hill Retail on Route 66

    Located in the Nob Hill area of Albuquerque, this 1882-square-foot retail space is situated directly on Route 66. The property is currently operating as Reef Republic, a dispensary. The location is positioned between Richmond Drive and Bryn Mawr Drive, near successful restaurants and shops. It features an HVAC combo unit and ample street parking. The property is also located near an ART station. The lot size is 0.04 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    REEF REPUBLIC Cannabis Store RockItCoin Bitcoin ATM Crypto Atm

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.609944
    Latitude
    35.080286

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    FAQs

    What type of property is this?
    Retail space - Prime Albuquerque retail location on historic Route 66.
    Where is this retail space located?
    The property is located at 3122 Central Ave SE Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Prime Nob Hill location directly on Route 66; - Currently operating as a dispensary (Reef Republic); - High-traffic location next to successful restaurants and shops
    (505) 270-5798
    Request Owner's contact information
    3122 Central Ave SE Albuquerque, NM 87106
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    Albuquerque, NM 87106
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3122 Central Ave SE Albuquerque, NM 87106
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