401 2nd NW St Albuquerque, NM 87102-2203

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.