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Albuquerque Office Building For Sale
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1120 Pennsylvania St NE, Albuquerque, NM

Office building near Uptown with income potential and modern upgrades.

Property Size15,655 SF
Lot Size1.00 Acres
Days on Market249

Property Features for 1120 Pennsylvania St NE

General Information

Standard status Active
Size 15,655 SF
Lot size 1.00 Acres
Property subtype OFFICE
Listing Agency: NAI SunVista - Albuquerque
Listed By: Shelly Branscom · License #46420
Source: Moodyscre
Added: Nov 24, 2025 Changed: Jul 6 Last Checked: Jul 21 at 4:03AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI SunVista - Albuquerque

Investment Insights

Based on property information with market context.

This office building, located close to Uptown Albuquerque, offers convenient access to I-40. It is suitable for an owner-user seeking income-earning opportunities. The property features elevator access to the second floor and a building security system. Windows throughout the building provide natural lighting. Recent updates include flooring, paint, and restrooms. The parking ratio is 3.5 spaces per 1,000 square feet. A new roof was installed in 2022. The building utilizes an efficient 2-pipe AC and electric heat system, which includes a rooftop chiller installed in 2018 and new pumps installed in 2022 and 2023. Lighting upgrades have been implemented to reduce energy consumption. Lumen fiber and Comcast internet services are available. The property has a total size of 15,655 square feet.

Key Highlights

  • Close proximity to Uptown and easy I‑40 access.
  • Income‑earning potential for owner/user.
  • New roof (2022) and recent chiller/pump replacements (2018, 2022, 2023).**

Property Analytics

Current Use

Apex Insurance Agency Insurance Agency Companion Care Home Health Care Service Consumer Direct Care ... Home Health Care Service

Suggested Use

Top Pick Nail Salon Building Supply Bakery Parking Lot & Garage Storage Facility Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,029
Businesses Nearby

Market

Lease Benchmarks for Albuquerque, NM

$20.02 /SF/Yr
Avg Asking Price
$14–$26 /SF/Yr
Price Range
95,084 SF
Avg Space Size

This space is priced 25% below the average of $20.02 /SF/Yr.

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Office building near Uptown with income potential and modern upgrades.
Where is this office building located?
The property is located at 1120 Pennsylvania St NE Albuquerque, NM.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Close proximity to Uptown and easy I‑40 access.; Income‑earning potential for owner/user.; New roof (2022) and recent chiller/pump replacements (2018, 2022, 2023).**
(505) 414-2669 Call to check price and availability
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