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950 4Th St Albuquerque, NM 87102

Sponsored
For Sale
$4,990,000

Downtown Albuquerque Mixed-Use Building, High Occupancy

Property size:
33,312 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This iconic, three-story, 33,312 square foot mixed-use building in Albuquerque's NOLO district presents a compelling investment opportunity. Built in 2014, it sits on a 0.9-acre lot and is subject to a 50-year ground lease with options for an additional 20 years. The property boasts 23 units, currently at 87% occupancy, comprising a mix of one, two, and three-bedroom apartments, some furnished, featuring high-end finishes, full kitchens, washers/dryers, and balconies. Ample secured parking is available. The building includes an exercise center, conference room, business office, on-site laundry, and housekeeping facilities. The 8,000 square foot ground floor, currently vacant, offers significant potential for expansion. Options include adding 11 more residential units (totaling 34), developing executive suites, or establishing a full-service restaurant

Property Features for 950 4Th St

General Information

Property type
Multifamily properties
Square Feet
33,312 SF
Lot Size
39,204 SF

Building Details

Stories
3
Units
23

HighLights

  • Iconic three‑story, 33,312 sq ft mixed‑use building in Albuquerque's NOLO district.
  • 2014 construction on a 0.9‑acre lot with a 50‑year ground lease (plus 20‑year option).
  • 23 units (87% occupancy), mix of 1, 2, & 3‑bedroom apartments with high‑end finishes, in‑unit laundry, and balconies.
  • 8,000 sq ft vacant ground floor with potential for 11 additional residential units, executive suites, or a restaurant.
  • Amenities include secured parking, exercise center, conference room, business office, and on‑site laundry/housekeeping.
Property Profile Location Intelligence

Current Use by Public Records

Anthea @ the Granite Extended Stay Hotel Albuquerque Interpersonal Therapy ... Corporate Office HomeBase Apartment Complex

Suggested Use

Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Law Firm 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
-106.64982930508
Latitude
35.093994533741

FAQs

What type of property is this?
Multifamily property - Downtown Albuquerque Mixed-Use Building, High Occupancy
Where is this multifamily property located?
The property is located at 950 4Th St Albuquerque, NM.
What is the asking price?
The asking price for this property is $4,990,000.
What are key features of this property?
This property features: Iconic three-story, 33,312 sq ft mixed-use building in Albuquerque's NOLO district.; 2014 construction on a 0.9-acre lot with a 50-year ground lease (plus 20-year option).; 23 units (87% occupancy), mix of 1, 2, & 3-bedroom apartments with high-end finishes, in-unit laundry, and balconies.
More about this property
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