Apartment and Retail
For Sale
Contact for pricing
Pending
1 Central Ave NW, Albuquerque, NM 87102
Six-story, 78-unit apartment complex with 35,475 SF retail and multiple-level exterior patios.
Days on Market111
Property Features for 1 Central Ave NW
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
78
Building Details
Year Built
2018
Stories
6
Listing Agency:
Colliers - Albuquerque, New Mexico
(505) 228-8818
Listed By:
Terrie Hertweck · License #NM 13730
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Jul 30 at 3:45PM
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 Colliers - Albuquerque, New Mexico
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.
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.
Property Analytics
Current Use
Lease Details
78
Residential units
Location Intelligence
Trade Area within ½ mile
4,201
Businesses Nearby
Explore this area
Business Placement
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
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.
