2527-2533 Virginia St Albuquerque, NM 87110
- Office Properties & Spaces
- 11,400 SF
- 0.57 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 2527-2533 Virginia St
- Lot size
- 0.57 lot acres
- Property size
- 11,400 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a Class B, multi-tenant office building located at 2527-2533 Virginia St NE, Albuquerque, New Mexico, 87110. The property boasts a total of 11,400 square feet situated on a 0.57-acre lot, currently enjoying a 95% occupancy rate. Priced at $1,150,000, this translates to a price per square foot of $100.88. The building operates under a gross lease structure, simplifying management and maximizing return on investment. Its prime location in the Northeast Heights offers easy access to major thoroughfares including Menaul Boulevard, Wyoming Boulevard, Uptown Albuquerque, and Interstate 40, ensuring high visibility and convenient access for tenants and employees. The property is divisible, providing flexibility for future leasing strategies and accommodating a variety of tenant needs. This presents a compelling opportunity for investors seeking a stable, high-occupancy commercial property in a desirable Albuquerque location. The property is situated in Bernalillo County and benefits from its established commercial infrastructure and strong local economy. This is a rare chance to acquire a well-maintained, income-producing asset with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.554
- Latitude
- 35.1104
