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500 Central Avenue SW

Albuquerque, NM 87102
  • $1,300,000
  • STATUS: Active
  • ON SITE: 38 Days
  • MLS #: 1029692
UPDATED: 87 min ago
$1,300,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
80 - Downtown Area
Type:
Commercial
County:
Bernalillo
Area:
80 - Downtown Area

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Description

This unique building was constructed in 1906 in a busy downtown corner located at Central and 5th ST,-Route 66.This amazing listing on Central and 5th St includes 6 properties for this amazing price: 500 Central (Lindy's diner) 3080 sq ft109 5th St (Retail space) 800 sq ft 111 A 5th (Retail space) 471 sq ft111 B 5th (Retail Space) 1330 sq ft 504 Central (Remodeled Apartment) 888 sq ftSecond floor above these spaces 5880 sq ft. The second floor used to be hostel style studios with two bathrooms for the floor. Structural report for the building is available. The investment opportunities for these spaces could include luxury condos on the top floor. The estimate is on the APOD. All leases would amount to over $200,000 income annually.

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IDX information © 2023 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or The Buchman Group | Keller Williams Realty. Data last updated: 2023-03-27T09:05:05.92.
www.mynmdreamhome.com/homes/137029027
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500 Central Avenue SW Albuquerque, NM 87102

  • Price: $1,300,000
  • Status: Active
  • On Site: 38 Days
  • Updated: 87 min ago
  • MLS #: 1029692
0
Beds
0
Baths
0
½ Baths
0.29
Acres
Neighborhood:
80 - Downtown Area
County:
Bernalillo
Area:
80 - Downtown Area
Property Description
This unique building was constructed in 1906 in a busy downtown corner located at Central and 5th ST,-Route 66.This amazing listing on Central and 5th St includes 6 properties for this amazing price: 500 Central (Lindy's diner) 3080 sq ft109 5th St (Retail space) 800 sq ft 111 A 5th (Retail space) 471 sq ft111 B 5th (Retail Space) 1330 sq ft 504 Central (Remodeled Apartment) 888 sq ftSecond floor above these spaces 5880 sq ft. The second floor used to be hostel style studios with two bathrooms for the floor. Structural report for the building is available. The investment opportunities for these spaces could include luxury condos on the top floor. The estimate is on the APOD. All leases would amount to over $200,000 income annually.
Exterior Features

Attached Garage YN No Construction Materials Brick VeneerBlockFrame Parking Features On Street Parking Total 0 Stories Total 2

Interior Features

Cooling Evaporative Cooling Cooling YN Yes Heating Floor Furnace Heating YN Yes

Property Features

Accessibility Features Wheelchair Access Building Area Total 12344 Building Features Public Restrooms Disclosures Ranm 2100 Disclosure Gross Income 121740 Land Lease YN No Leasable Area 50 Lease Term None Listing Agreement Exclusive Right To Sell Listing Terms CashConventionalOwner May Carry Operating Expense 44316 Property Sub Type Building Tax Annual Amount 6547.54 Tenant Pays Common Area MaintenanceExterior MaintenanceInsuranceTaxes Utilities Electricity ConnectedNatural Gas ConnectedWater Connected Zoning Description Mx-Fb-Ud*

Southwest MLS] logo Listing courtesy of Coldwell Banker Legacy: (505) 292-8900. © 2023 Southwest Multiple Listing Service, Inc.


IDX information © 2023 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or The Buchman Group | Keller Williams Realty. Data last updated: 2023-03-27T09:05:05.92.
 
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The Buchman Group | Keller Williams Realty
6703 Academy Rd NE
Albuquerque NM, 87109