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950 4th St NW Albuquerque, NM 87102

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33,000 SF mixed-use property with apartments and commercial space.

Type:Mixed Use, Multifamily, Retail
Property size:
33,312 SF
Added:
Dec 16, 2019
Days on Market:
2312
Last Refresh:
Mar 17 at 1:14 pm

Property Features for 950 4th St NW

General Information

Standard status
Active
Size
33,312 SF
Property subtype
Mixed Use, Multifamily, Retail

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Listing Contact
Terrie Hertweck

Listing agent Terrie Hertweck License #NM 13730

Listing office Colliers - Albuquerque, New Mexico

Listing date Dec 16, 2019

Source Crexi

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


Overview

Modern Mixed-Use Development in NOLO

Anthea @ The Granite is a 33,000 square foot mixed-use development located in Albuquerque’s NOLO district. Constructed in 2014, the property includes 23 one-, two-, and three-bedroom apartments, which can be converted to dorm-style living, and approximately 7,950 square feet of adaptable ground-floor commercial space. The residential units are currently 87% occupied and are available furnished or unfurnished. They feature full kitchens, in-unit washer/dryers, and balconies. The ground floor has dual entrances, a garage-style window opening to a patio, and visibility along 4th Street. The property has secure, fenced and gated parking, ADA-compliant elevators, an exercise facility, a business center/conference room or program space, on-site laundry, and optional housekeeping, a lobby, and a manager’s office. It is located in a prime Route 66 location with transit access and high visibility from 4th Street, within walking distance to restaurants, retail, and community amenities, and in close proximity to UNM Hospital, Lovelace, Presbyterian Behavioral Health, and VA outpatient clinics. The property's design allows for owner occupancy or tenant adaptation. It is suited for recovery, mental health, transitional, or supportive housing programs, structured sober living, transitional housing, or therapeutic residences. The ground floor is suitable for group meeting rooms, counseling offices, medical intake, or administrative use, with the option to add up to 11 additional units for a total of 34. It is also suitable for medical/behavioral health providers, re-entry programs, youth services, or veteran housing initiatives.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Anthea @ the Granite Hotel & Motel Albuquerque Interpersonal Therapy ... Corporate Office HomeBase Apartment Complex

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Law Firm Gym & Fitness Center Pharmacy

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

Location Insight

  • Map
  • Local Demand
City
Albuquerque
County
Sandoval
State
New Mexico
Longitude
-106.649722
Latitude
35.0937249

FAQs

What type of property is this?
Mixed-use property - 33,000 SF mixed-use property with apartments and commercial space.
Where is this mixed-use property located?
The property is located at 950 4th St NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Adaptable ground‑floor commercial space (±7,950 SF) ideal for various programs.; 23 residential units (one-, two-, and three‑bedroom), currently 87% occupied.; Prime Route 66 location with high visibility and transit access.
More about this property
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