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    1 Central Ave Albuquerque, NM 87102

    Sponsored
    For Lease
    $18 SF/Yr

    Prime Retail, Multiple Options Available

    Lot size:
    23,653 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This Class A, 19,523-square-foot retail space at 1 Central Ave NW in Albuquerque's Downtown submarket offers exceptional opportunities. The property features a single available in-line space of 4,280 square feet, divisible into 1,650 and 2,630 square-foot units. A larger, contiguous 17,873-square-foot space spanning the first and second floors is also available for a single tenant. The building boasts abundant parking in an adjacent three-story garage with direct retail access, an elevator (shared with a third-floor tenant), and a 733-square-foot dedicated patio. First-floor units benefit from open-air windows. Tenant improvement allowances are available, along with excellent signage opportunities. The property's strategic location provides walkability to numerous theaters, restaurants (including several on-site), galleries, and entertainment venues. An Albuquerque Rapid Transit (ART) stop is directly outside the building. The building also houses 78 fully leased apartments. The property is zoned MX-M and located in Bernalillo County, New Mexico, zip code 87102. Current retail tenants include Canvas Artistry Restaurant and Entertainment, Natural Fitness Training, Yummy's Mini-Donuts & Ice Cream, and La Zenita Mexican Restaurant.

    Property Features for 1 Central Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    23,653 SF
    Class
    A

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Suite 1-A
    Size
    9,596 SF
    Rate per SF
    $22
    Space
    Suite 1-D
    Size
    4,280 SF
    Rate per SF
    $22
    Space
    Suite 2-A
    Size
    8,277 SF
    Rate per SF
    $22
    Space
    Suite 1-B
    Size
    1,500 SF
    Rate per SF
    $22
    Property Profile Location Intelligence

    Current Use by Public Records

    Urban taqueria Delivery Restaurant Nuevo Vego Delivery Restaurant One Central Apartment Apartment Building SP+ Parking Parking Garage 1st & Central Parking Garage

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Law Firm Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.6475304
    Latitude
    35.0842603

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail, Multiple Options Available
    Where is this restaurant located?
    The property is located at 1 Central Ave Albuquerque, NM.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    Request Owner's contact information
    1 Central Ave Albuquerque, NM 87102
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    Albuquerque, NM 87102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Central Ave Albuquerque, NM 87102
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