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401 2Nd St Albuquerque, NM 87102

Sponsored
For Sale
$880,000

7,476 SF Retail Space, $880,000

Property size:
7,476 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional 7,476-square-foot storefront property, located at the southwest corner of 2nd Street and Lead Avenue in Albuquerque, New Mexico (zip code 87102), presents a unique investment opportunity. Situated on a 0.2-acre lot, this single-story building is zoned MX-FB-UD and boasts a compelling history as a former tortilla factory, now creatively repurposed into fifteen art studios. The property offers significant potential for owner-use or continued operation as a multi-tenant space. Recent improvements include the installation of two-year-old HVAC units and the provision of three-phase electrical service, ensuring efficient and reliable operation. A prominent storefront window in the front gallery provides excellent visibility and street appeal. The property includes a party wall with an adjacent owner and convenient back delivery access via a curb cut. Eight parking spaces are available in an adjacent lot, supplemented by ample street parking. The asking price is $880,000, translating to $117.71 per square foot. This Albuquerque retail space is ready for its next chapter.

Property Features for 401 2Nd St

General Information

Property type
Individual retail properties
Square Feet
7,476 SF
Lot Size
8,712 SF

Building Details

Stories
1

HighLights

  • 7,476 SF storefront in Albuquerque, NM (87102), located at the southwest corner of 2nd Street and Lead Avenue.
  • Situated on a 0.2‑acre lot, zoned MX‑FB‑UD; formerly a tortilla factory, now 15 art studios.
  • Features recent HVAC upgrades (2 years old) and three‑phase electrical service.
  • Prominent storefront with excellent visibility, plus back delivery access and a party wall.
  • Eight parking spaces in adjacent lot, with ample street parking available.
  • Asking price: $880,000 ($117.71/SF).
Property Profile Location Intelligence

Current Use by Public Records

Kiva Auditorium Convention Center New Mexico Grocers ... Association / Organization Magic Sky Watercolor Painting Lessons A Good Sign Sign Shop Sanitary Tortilla Factory-Artist ... Art Studio

Suggested Use

Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Law Firm Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
Albuquerque
County
Bernalillo
State
New Mexico
Longitude
-106.64974052189
Latitude
35.081367835663

FAQs

What type of property is this?
Individual retail property - 7,476 SF Retail Space, $880,000
Where is this individual retail property located?
The property is located at 401 2Nd St Albuquerque, NM.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: 7,476 SF storefront in Albuquerque, NM (87102), located at the southwest corner of 2nd Street and Lead Avenue.; Situated on a 0.2-acre lot, zoned MX-FB-UD; formerly a tortilla factory, now 15 art studios.; Features recent HVAC upgrades (2 years old) and three-phase electrical service.
More about this property
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