1 Central Ave NW Albuquerque, NM 87102

Listing agency Colliers - Albuquerque, New Mexico Show Phone

Listed by Terrie Hertweck · License #NM 13730

Source Crexi

Added: Apr 11 Updated: Jul 21 at 1:40AM Checked: Jul 21 at 5:14AM

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Investment Insights

Based on property information with market context.

One Central Plaza is a 2018-built, 6-story mid-rise complex featuring 78 apartment units and 35,475 square feet of retail space. The retail component also includes approximately 20,000 square feet of common exterior patios on multiple levels. The multifamily and retail components may be purchased together or separately, as part of a 3-property condominium project.

The complex is positioned at the northeast corner of Central and 1st Street in downtown Albuquerque, with access to nearby entertainment, restaurant, education, and recreation venues. A 3-story, 432-space wrapped parking garage is described as integral to the overall complex; however, it is not included in the offering, though maintenance by the City of Albuquerque is stated to remain in full force for residents and tenants.

For the retail space, current occupancy is described as 44%, with proforma rents based on an entertainment venue using 95% occupancy. The property is described as walkable to theaters, restaurants, galleries, and entertainment venues, and it includes multiple outdoor patios and common areas for customers. An ART (Albuquerque Rapid Transit) stop is described as directly outside the building.

Key Highlights

• 2018‑built, 6‑story property with 78 apartment units and 35,475 SF retail on the northeast corner of Central and 1st Street, Albuquerque.
• Mixed‑use complex includes separate multifamily and retail components that may be purchased together or separately.
• One Central apartments are part of a 3‑property condominium project; the retail complex is the second property.

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FAQs

What type of property is this?

Apartment building - Six-story, 78-unit apartment complex with 35,475 SF retail and multiple-level exterior patios.

Where is this apartment building located?

The property is located at 1 Central Ave NW Albuquerque, NM.

What are key features of this property?

This property features: 2018‑built, 6‑story property with 78 apartment units and 35,475 SF retail on the northeast corner of Central and 1st Street, Albuquerque.; Mixed‑use complex includes separate multifamily and retail components that may be purchased together or separately.; One Central apartments are part of a 3‑property condominium project; the retail complex is the second property.