2420 Monroe St Albuquerque, NM 87110
- Warehouses
- 11,150 SF
- 0.37 lot acres
Current Use by Public Records
- Joy of Advertising / Advertising Agency
- Luxury Kitchen Designer Service Co / Remodeler / Custom Home Builder
Property Details for 2420 Monroe St
- Year built
- 1972
- Lot size
- 0.37 lot acres
- Property size
- 11,150 SF
- Property type
- Warehouses
- APN
- 1-017-059-409-170-4-08-11
- APU
- 101705940917040811
Description
This 11,037 sq ft industrial warehouse in Albuquerque, NM, is a prime investment opportunity. The property boasts a fully operational, state and county-approved 12,000 sq ft cannabis grow and manufacturing facility, complete with modern office space, expansive warehouse areas with 11-foot ceilings, two loading docks, and six parking spaces. The grow operation includes a veg room with 45,000 watts of LED lighting, two flowering rooms with 120,000 watts of DE HPS lighting, and a comprehensive climate control system featuring multiple 10-ton HVAC units and dehumidifiers. Additional features include an automated watering system, a walk-in freezer, a vault room, a trimming room, and a kitchen. The property is equipped with three-phase power, is ADA compliant, and sits on a 0.372-acre lot, conveniently located near San Mateo and I-40. All furniture, fixtures, and equipment are included in the sale price of $3,500,000 ($317.10/sq ft). Built in 1972, this Class B building is zoned NR-C and is impeccably maintained. This versatile space is ideal for expanding operations or entering the market.
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
- -106.59
- Latitude
- 35.1066
- CBSA code
- 10740
- CBSA name
- ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
