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    211 Gold Ave Albuquerque, NM 87102

    Sponsored
    For Sale
    $599,000

    4,913 SF, Vacant, NNN Lease, $599,000

    Property size:
    4,913 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,913 square foot, two-story commercial property at 211 Gold Ave in Albuquerque, New Mexico, is available for $599,000. Currently vacant, this versatile space presents a unique investment opportunity. Previously used as a nightclub, the property boasts a turnkey layout ideal for a similar venture, complete with existing fixtures and equipment, including a full sound system, multiple bar areas, walk-in cooler, and custom dance floors. All existing furniture, fixtures, and equipment (FF&E) will convey with the sale. However, its MX-FB-UD zoning permits a wide range of uses, including cannabis businesses, general office spaces (suitable for attorneys, CPAs, etc.), and restaurants, given the existing plumbing and bar infrastructure. The property's prime downtown location offers convenient access to I-25 (within one mile) and ample parking options, including street parking, nearby lots, and a parking garage less than 500 feet away. A detailed floor plan and virtual tour are available to showcase the layout and potential. The 0.081-acre lot is identified by APN 101405721939323405. The property is offered with a Net Net Net (NNN) lease structure. This is a rare opportunity to acquire a well-situated, adaptable commercial space in a thriving Albuquerque location.

    Property Features for 211 Gold Ave

    General Information

    Property type
    Hospitality properties
    Square Feet
    4,913 SF
    Lot Size
    3,528 SF

    Building Details

    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    ONYX Nightclub Night Club HOUZ | Dispensary & Lounge Cannabis Store Lotus Nightclub Night Club Da One Hookah ... Hookah Bar

    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
    -106.6499332
    Latitude
    35.0835857

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    FAQs

    What type of property is this?
    Hospitality property - 4,913 SF, Vacant, NNN Lease, $599,000
    Where is this hospitality property located?
    The property is located at 211 Gold Ave Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $599,000.
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    211 Gold 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
    211 Gold Ave Albuquerque, NM 87102
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