401 2Nd St Albuquerque, NM 87102
- Commercial land
- 0.10 lot acres
Current Use by Public Records
- Kiva Auditorium / Convention Center
- New Mexico Grocers Association / Association / Organization
- Magic Sky Watercolor / Painting Lessons
- A Good Sign / Sign Shop / Art Gallery
- Sanitary Tortilla Factory-Artist Studios/Exhibitions/Fabrication / Art Center / Artist
Property Details for 401 2Nd St
- Lot size
- 0.10 lot acres
- Property type
- Commercial land
- APN
- 1-014-057-312-505-1-33-03
- APU
- 101405731250513303
Description
This exceptional 7,476-square-foot storefront property, located at the southwest corner of 2nd Street and Lead Avenue in Albuquerque, New Mexico (zip code 87102), presents a unique investment opportunity. Situated on a 0.2-acre lot, this single-story building is zoned MX-FB-UD and boasts a compelling history as a former tortilla factory, now creatively repurposed into fifteen art studios. The property offers significant potential for owner-use or continued operation as a multi-tenant space. Recent improvements include the installation of two-year-old HVAC units and the provision of three-phase electrical service, ensuring efficient and reliable operation. A prominent storefront window in the front gallery provides excellent visibility and street appeal. The property includes a party wall with an adjacent owner and convenient back delivery access via a curb cut. Eight parking spaces are available in an adjacent lot, supplemented by ample street parking. The asking price is $880,000, translating to $117.71 per square foot. This Albuquerque retail space is ready for its next chapter.
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
- -106.647
- Latitude
- 35.0869
- CBSA code
- 10740
- CBSA name
- ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
