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    3339 Central Ave Albuquerque, NM 87106

    For Lease
    Contact for pricing

    Prime Nob Hill location, multiple tenants possible.

    Lot size:
    1,401 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Class A retail property, located at 3339 Central Ave NE in Albuquerque, New Mexico, presents a unique investment opportunity. Situated in the desirable Nob Hill submarket, near the University of New Mexico (UNM), this property boasts a total of 90 parking spaces, ensuring ample convenience for customers and employees. The building, encompassing 0.85 acres, features a single structure with a currently vacant 1,401 square feet of retail space, ideal for a variety of uses, including shops and offices. The flexible zoning (MX-M) allows for diverse business applications. The property's strategic location on Central Ave NE, near the intersection of Central and Tulane, provides excellent visibility and accessibility. This is a high-traffic area with strong pedestrian and vehicular flow, making it an attractive location for businesses seeking high exposure. The property's proximity to UNM further enhances its appeal, providing access to a large student and faculty population. This is a rare opportunity to acquire a well-located, Class A retail property in a thriving Albuquerque neighborhood. The ample parking and flexible zoning make this an ideal investment for both established businesses and new ventures. The 1,401 square feet of vacant space offers immediate potential for income generation. Contact us today to learn more about this exceptional opportunity.

    Property Features for 3339 Central Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,401 SF
    Class
    A

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Suite 115
    Size
    1,401 SF

    HighLights

    • Exclusive Nob Hill development with 90‑space parking garage and abundant street parking.
    • Excellent transit‑oriented location on the ART line, steps from Nob Hill Station.
    • High vehicular and pedestrian traffic in the vibrant Nob Hill and University area.
    • Prime location, within walking distance of the University of New Mexico (UNM), serving 24,000+ students and 6,000 employees.
    • Strong retail environment on Central Avenue, a major artery with diverse national and local businesses.
    • Significant recent development exceeding $20M, including 200 luxury apartments, a boutique hotel, and various retail spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Style select studios Barber Shop ChocolateDude Chocolate Shop The LIBRE Institute - New ... Non-Profit Organization The Place Apartments Apartment Building The LIBRE Initiative - New ... Non-Profit Organization

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store 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
    -106.6076412
    Latitude
    35.0804068

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    FAQs

    What type of property is this?
    Individual retail property - Prime Nob Hill location, multiple tenants possible.
    Where is this individual retail property located?
    The property is located at 3339 Central Ave Albuquerque, NM.
    What are key features of this property?
    This property features: Exclusive Nob Hill development with 90-space parking garage and abundant street parking.; Excellent transit-oriented location on the ART line, steps from Nob Hill Station.; High vehicular and pedestrian traffic in the vibrant Nob Hill and University area.
    Request Owner's contact information
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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
    3339 Central Ave Albuquerque, NM 87106
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