11016 Central SE Ave Albuquerque, NM 87123-2802
- Retail space
- 1,021 SF
- 0.34 lot acres
Current Use by Public Records
- Retail space
Property Details for 11016 Central SE Ave
- Year built
- 1961
- Lot size
- 0.34 lot acres
- Property size
- 1,021 SF
- Property type
- Retail space
- APN
- 1-021-056-255-470-1-05-30
- APU
- 102105625547010530
Description
This exceptional commercial property, located at 11016 Central Avenue SE in Albuquerque, New Mexico, presents a rare investment opportunity. The 0.34-acre lot boasts two freestanding buildings totaling 1,800 square feet, offering significant flexibility for a variety of commercial uses. The property is fully enclosed and gated, providing enhanced security. The front building, approximately 1,000 square feet, features tile flooring, a combination HVAC system, a TPO roof, recessed lighting, and two ADA-compliant restrooms, plus a convenient storage/mop room. The rear building, approximately 800 square feet, includes HVAC heating and cooling, evaporative air conditioning, and is pre-plumbed for a bathroom. It also features a separate trough floor drain, open workspace, and a large overhead door, ideal for various operational needs. The property benefits from excellent visibility and high traffic counts on Central Avenue, further enhanced by a large freestanding sign. Ample parking is available on-site. Remodeled in 2014, this property is zoned MX-H, allowing for numerous potential uses, including, but not limited to, cannabis retail, cultivation, and product manufacturing, as well as drive-through options. Its strategic location near Dion's restaurant, Sandia National Laboratory, and Kirtland Air Force Base provides exceptional access to a diverse customer base. Owner financing is available, making this an even more attractive proposition for discerning investors.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $275,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $245,000
- 6.5%
- $225,000
- 7%
- $210,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.524
- Latitude
- 35.0707
- CBSA code
- 10740
- CBSA name
- ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA