1 Central Ave Albuquerque, NM 87102
This Class A, 19,523-square-foot retail space at 1 Central Ave NW in Albuquerque's Downtown submarket offers exceptional opportunities. The property features a single available in-line space of 4,280 square feet, divisible into 1,650 and 2,630 square-foot units. A larger, contiguous 17,873-square-foot space spanning the first and second floors is also available for a single tenant. The building boasts abundant parking in an adjacent three-story garage with direct retail access, an elevator (shared with a third-floor tenant), and a 733-square-foot dedicated patio. First-floor units benefit from open-air windows. Tenant improvement allowances are available, along with excellent signage opportunities. The property's strategic location provides walkability to numerous theaters, restaurants (including several on-site), galleries, and entertainment venues. An Albuquerque Rapid Transit (ART) stop is directly outside the building. The building also houses 78 fully leased apartments. The property is zoned MX-M and located in Bernalillo County, New Mexico, zip code 87102. Current retail tenants include Canvas Artistry Restaurant and Entertainment, Natural Fitness Training, Yummy's Mini-Donuts & Ice Cream, and La Zenita Mexican Restaurant.
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Urban taqueria Restaurant Take-out & Catering
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Nuevo Vego Restaurant Take-out & Catering
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One Central Apartment Apartment Building
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SP+ Parking Parking Lot & Garage
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1st & Central Parking Lot & Garage
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.