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Old Town Albuquerque Live/Work Property

1700 Mountain Rd NW, Albuquerque, NM

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For Sale

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Unique mixed-use property in historic Old Town Albuquerque.

Type:RETAIL

Property size:

6,461 SF

Lot size:

0.21 Acres

Price / SF:

$215/SF

HighLights

Prime location in Albuquerque's historic Old Town on museum row.
Versatile 6,461 sq ft commercial live/work space suitable for retail, office, or studio/gallery.
Ample natural light and high foot traffic due to location.
Two kitchens and basement providing ample storage and workspace.
On‑site parking and easy access to I‑40.
Walkable to restaurants and a nearby park.

We can help!

Listing Contact

D'Nette Wood

For Sale

Contact for pricing

Unique mixed-use property in historic Old Town Albuquerque.

Type:RETAIL

Property size:

6,461 SF

Lot size:

0.21 Acres

Price / SF:

$215/SF

Added:: May 26, 2025
Days on Market:: 386
Last Refresh:: May 19 at 9:12 pm

Property Features for 1700 Mountain Rd NW

General Information

Standard status: Active
Size: 6,461 SF
Lot size: 0.21 Acres
Property subtype: RETAIL

We can help!

Listing Contact

D'Nette Wood

Listing agent D'Nette Wood License #19311

Listing office Sotheby's | Santa Fe

Listing date May 26, 2025

Source Moodyscre

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 Sotheby's | Santa Fe

HighLights

Prime location in Albuquerque's historic Old Town on museum row.
Versatile 6,461 sq ft commercial live/work space suitable for retail, office, or studio/gallery.
Ample natural light and high foot traffic due to location.
Two kitchens and basement providing ample storage and workspace.
On‑site parking and easy access to I‑40.
Walkable to restaurants and a nearby park.

Overview

Located in the heart of Albuquerque's historic Old Town on museum row, this 6,461 square foot mixed-use property offers a versatile space suitable for a dynamic retail location or a distinguished law office. Originally designed as an art studio and gallery with a living suite, the building seamlessly combines professional and personal spaces. The first-floor gallery and office area benefits from abundant natural light and high foot traffic. The property features wood floors, two kitchens, and a basement for storage and workspace. Its location provides walkable access to restaurants, a nearby park, on-site parking, and convenient access to I-40. This property presents an opportunity to establish a presence in a sought-after district.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$143.4k	$22.20
− Vacancy	−$10.8k	−$1.67
EGI	$132.7k	$20.54
− OpEx	−$39.8k	−$6.16
NOI	$92.9k	$14.37

6,461 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.33M

$1.16M – $1.55M (±1% cap)

NOI $92,874 @ 7.0% cap · market cap 6.68%

Second Best

Office B

$1.23M

$1.07M – $1.43M (±1% cap)

NOI $85,828 @ 7.0% cap · market cap 6.17%

Theoretical Best

Office A

$1.56M

$1.37M – $1.82M (±1% cap)

NOI $109,413 @ 7.0% cap · market cap 7.87%

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

Property Profile Location Intelligence

Current Use by Public Records

Mixed-use properties

Suggested Use

Location Insight

Map
Local Demand

City: Albuquerque
County: Sandoval
State: New Mexico
Longitude: -106.667
Latitude: 35.0969

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What type of property is this?

Mixed-use property - Unique mixed-use property in historic Old Town Albuquerque.

Where is this mixed-use property located?

The property is located at 1700 Mountain Rd NW Albuquerque, NM.

What is the asking price?

The asking price for this property is $1,390,000.

What are key features of this property?

This property features: Prime location in Albuquerque's historic Old Town on museum row.; Versatile 6,461 sq ft commercial live/work space suitable for retail, office, or studio/gallery.; Ample natural light and high foot traffic due to location.

1700 Mountain Rd NW, Albuquerque, NM

Unique mixed-use property in historic Old Town Albuquerque.

Property Features for 1700 Mountain Rd NW

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Prime Albuquerque Retail Portfolio

Assisted Living Residential Facility

Albuquerque Multifamily Investment Opportunity

Soft-Gated Multifamily Community

Climate-Controlled Flex Warehouse with Bay Door

Industrial Property with Inspection Pit

South Valley Investment Opportunity

Restored Adobe Duplex Property

Albuquerque Fourplex with Laundry

UNM Area Apartment Complex

Turnkey Assisted Living Facility

Albuquerque Freestanding Commercial Property

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