Occupied Retail Condominium
For Sale
$750,000
Pending
401 Central Ave Ne, Albuquerque, NM 87102
Ground-level retail condominium in a 2004 building with multiple established tenants and condo dues paid by the owner.
Property SizeContact for details
Days on Market1280
Property Features for 401 Central Ave Ne
General Information
Standard status
Pending
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$5,600
Building Details
Year Built
2004
Tenancy
Multi
Listing Agency:
ProVision Properties
(505) 991-2197
Listed By:
Jeanette E. Delgado
(505) 991-2197
Source:
Exprealty
Added: Feb 21, 2023
Changed: Aug 20
Last Checked: Aug 23 at 7:52AM
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 ProVision Properties
Investment Insights
Based on property information with market context.
This is a ground-level commercial condominium within the City Market Lofts building, constructed in 2004. The unit is fully occupied and offered for silent investor purchase, with existing tenants including Nuve Salon, Edo Spaces, and EDo Storage. Tenants are responsible for their own electricity, janitorial, and all non-structural repairs to the space and its equipment, including glass damage.
Condominium dues are paid by the owner and include building insurance, water-sewer-trash-recycling, and common area maintenance, along with property taxes. A proforma is available upon request.
Condominium dues are paid by the owner and include building insurance, water-sewer-trash-recycling, and common area maintenance, along with property taxes. A proforma is available upon request.
Key Highlights
- Fully occupied ground‑level retail commercial condominium in the City Market Lofts building
- Building constructed in 2004
- Current tenants: Nuve Salon (since 2020), Edo Spaces (since 2009), and EDo Storage (since 2012)
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,957
Businesses Nearby
74k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Hotels & Casinos 32%
Shops & Services 19%
Home Improvements & Furnishings 1%
Starbucks
Dining
16,432 visits/mo
0.4 miles
Family Dollar
Shops & Services
10,546 visits/mo
0.5 miles
Burger King
Dining
10,284 visits/mo
0.5 miles
DoubleTree by Hilton Hotel
Hotels & Casinos
6,737 visits/mo
0.5 miles
Carl's Jr.
Dining
5,925 visits/mo
0.4 miles
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 Retail in Albuquerque, NM
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Ground-level retail condominium in a 2004 building with multiple established tenants and condo dues paid by the owner.
Where is this retail space located?
The property is located at 401 Central Ave Ne Albuquerque, NM.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Fully occupied ground‑level retail commercial condominium in the City Market Lofts building; Building constructed in 2004; Current tenants: Nuve Salon (since 2020), Edo Spaces (since 2009), and EDo Storage (since 2012)
