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500-504 Central Ave SW
Albuquerque, NM 87102
Retail Property For Sale
Investment Highlights
- Iconic 1906 historic building on the hard corner of Central Ave. & 5th St.
- Opportunity for mixed-use conversion to residential, boutique hotel or shop space
- Prime Route 66 frontage in the heart of Downtown
Executive Summary
- Iconic 1906 historic building on the hard corner of Central Ave. & 5th St.
- Prime Route 66 frontage in the heart of Downtown
- Opportunity for mixed-use conversion to residential, boutique hotel or shop space
- Multiple store fronts with excellent visibility and multi-tenant flexibility
- Second-oldest restaurant location in Albuquerque (Lindy’s Diner)
- Two levels
- ±5,880 SF upper level (former hotel) is vacant and ready for redevelopment
- Adaptive reuse, value add, or full redevelopment opportunity
- Located within the Downtown Revitalization Corridor
- Property tax abatement and MRA funding available
- Surrounded by government, office, entertainment, and residential density
- Three of the bottom retail units are currently leased
- Prime Route 66 frontage in the heart of Downtown
- Opportunity for mixed-use conversion to residential, boutique hotel or shop space
- Multiple store fronts with excellent visibility and multi-tenant flexibility
- Second-oldest restaurant location in Albuquerque (Lindy’s Diner)
- Two levels
- ±5,880 SF upper level (former hotel) is vacant and ready for redevelopment
- Adaptive reuse, value add, or full redevelopment opportunity
- Located within the Downtown Revitalization Corridor
- Property tax abatement and MRA funding available
- Surrounded by government, office, entertainment, and residential density
- Three of the bottom retail units are currently leased
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
12,859 SF
Building Class
C
Year Built
1926
Price
$1,743,792 CAD
Price Per SF
$135.61 CAD
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.55
Lot Size
0.19 AC
Opportunity Zone
Yes
Zoning
MX-FB - Mixed Use- Form Based
Frontage
Amenities
- Signage
Property Taxes
| Parcel Number | 1-014-057-126423-2-31-05 | Improvements Assessment | $189,200 CAD |
| Land Assessment | $53,769 CAD | Total Assessment | $242,970 CAD |
Property Taxes
Parcel Number
1-014-057-126423-2-31-05
Land Assessment
$53,769 CAD
Improvements Assessment
$189,200 CAD
Total Assessment
$242,970 CAD
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