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High-Rise Redevelopment Opportunity

517 Gold Ave SW, Albuquerque, NM

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For Sale

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Eight-story high-rise with redevelopment potential in Albuquerque.

Type:MULTIFAMILY

Property size:

244,800 SF

Lot size:

0.64 Acres

Price / SF:

$61/SF

Contact for Pricing

Please call us for current price
and status of this listing

Trey Whaley

HighLights

Seller financing available.
High‑rise redevelopment opportunity with significant unit potential (150 units ready to be built).
First two floors already converted into 60 apartment units.
Four elevators already in place.
Heavy lifting of initial conversion already completed.
Plans underway to convert basement into parking.

For Sale

Contact for pricing

Eight-story high-rise with redevelopment potential in Albuquerque.

Type:MULTIFAMILY

Property size:

244,800 SF

Lot size:

0.64 Acres

Price / SF:

$61/SF

Added:: Jul 2, 2025
Days on Market:: 344
Last Refresh:: May 20 at 8:21 pm

Property Features for 517 Gold Ave SW

General Information

Standard status: Active
Size: 244,800 SF
Lot size: 0.64 Acres
Property subtype: MULTIFAMILY

We can help!

Listing Contact

Trey Whaley

Listing agent Trey Whaley

Listing office Realty One of New Mexico dba R1 Commercial

Listing date Jul 2, 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 Realty One of New Mexico dba R1 Commercial

HighLights

Seller financing available.
High‑rise redevelopment opportunity with significant unit potential (150 units ready to be built).
First two floors already converted into 60 apartment units.
Four elevators already in place.
Heavy lifting of initial conversion already completed.
Plans underway to convert basement into parking.

Overview

This eight-story high-rise presents a redevelopment opportunity. The first two floors were converted into 60 apartment units in 2017. Floors three through seven are shell floors, ready to be built into an additional 150 units. The property includes four elevators. Plans for converting the basement into parking are in the works. The property has a size of 244800 square feet.

Property Profile Location Intelligence

Current Use by Public Records

US Food & Drug ... Government Office US General Services ... County Government Office United States Government Federal Government Office US Forest Services ... Fire Station US Forest Services ... Federal Government Office

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Location Insight

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Local Demand

City: Albuquerque
County: Sandoval
State: New Mexico
Longitude: -106.654
Latitude: 35.0841

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What type of property is this?

Apartment building - Eight-story high-rise with redevelopment potential in Albuquerque.

Where is this apartment building located?

The property is located at 517 Gold Ave SW Albuquerque, NM.

What is the asking price?

The asking price for this property is $15,000,000.

What are key features of this property?

This property features: Seller financing available.; High‑rise redevelopment opportunity with **significant unit potential (150 units ready to be built).**; First two floors already converted into **60 apartment units.**

517 Gold Ave SW, Albuquerque, NM

Eight-story high-rise with redevelopment potential in Albuquerque.

Property Features for 517 Gold Ave SW

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Prime Albuquerque Retail Portfolio

Albuquerque Multifamily Investment Opportunity

Soft-Gated Multifamily Community

Industrial Property with Inspection Pit

South Valley Investment Opportunity

Restored Adobe Duplex Property

Albuquerque Commercial Live/Work Space

Albuquerque Fourplex with Laundry

UNM Area Apartment Complex

Turnkey Assisted Living Facility

Albuquerque Freestanding Commercial Property

Albuquerque Multifamily Investment Opportunity

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