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Mixed-Use Multi-Suite Downtown Building
For Sale
Contact for pricing

515 5th St NW, Albuquerque, NM 87102

Multi-suite building with active restaurant tenant, basement storage, and a second-level live-work apartment.

Property SizeContact for details
Days on Market120

Property Features for 515 5th St NW

General Information

Standard status Active
Property subtype Office

Building Details

Tenancy Multi
Listing Agency: Colliers - Albuquerque, New Mexico
Listed By: Elisa Cardenas · License #NM 48787
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 23 at 12:44AM

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.

This multi-suite commercial building includes established restaurant space as its primary tenant, along with two basement spaces available for storage. A second-level apartment also supports a live-work option, creating flexibility within the property’s current configuration.

The building is positioned near the heart of downtown and close to courthouses and other busy downtown buildings. Paid parking is provided via a lot next to the property, which is intended to support convenient parking for the building. The property includes unit addresses listed in the remarks: 501 1/2, 503, 505, 505 1/2, 507, 509, 515, and 501 Roma.

Key Highlights

  • Multi‑suite building with an established, iconic restaurant tenant
  • Basement spaces available for storage
  • Second‑level apartment designed for a live‑work option

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Dental Office Electrical Service HVAC Service Pet Grooming Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

4,022
Businesses Nearby

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 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 units - Multi-suite building with active restaurant tenant, basement storage, and a second-level live-work apartment.
Where is this office units located?
The property is located at 515 5th St NW Albuquerque, NM.
What are key features of this property?
This property features: Multi‑suite building with an established, iconic restaurant tenant; Basement spaces available for storage; Second‑level apartment designed for a live‑work option
(505) 833-0538 Call to check price and availability
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