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Midtown Office Portfolio 3 Properties Offered at $5,891,000 CAD in Albuquerque, NM



Investment Highlights
- Two-building office complex totaling approximately 59,628 square feet on 4.89± acres.
- Recently upgraded with new elevator hydraulics and roof replacements (2019, 2023).
- Includes billboard lease income with long-term agreement for added revenue stream.
- Current configuration supports medical, professional, and educational uses.
- High-visibility location along Menaul Blvd NE near I-40 with strong signage potential.
- Excess land of approximately 1.67 acres offering expansion opportunities.
Executive Summary
Midtown Center offers a rare office investment opportunity at a premier Albuquerque location along Menaul Boulevard NE. This two-building office complex spans approximately 59,628 square feet situated on 4.89± acres across three separately platted lots. Zoned NR-C by the City of Albuquerque, the property supports a wide array of commercial uses and provides attractive long-term income potential with an included billboard lease producing passive revenue.
The current configuration boasts a medical office-ready setting with exam and clinic rooms, over 80 private offices, multiple conference rooms, and classrooms with seating for up to 70 participants. Open work areas, break rooms, and common areas ensure functional flexibility for multi-tenant or single-tenant operations. Recent capital improvements, including roof replacements (2019, 2023) and elevator updates, reduce near-term maintenance exposure.
With excellent freeway access and high visibility from Interstate 40, the property offers strong signage opportunities and competitive positioning near major Albuquerque business corridors. Additional excess land of approximately 1.67 acres presents an opportunity for further development or expansion.
The current configuration boasts a medical office-ready setting with exam and clinic rooms, over 80 private offices, multiple conference rooms, and classrooms with seating for up to 70 participants. Open work areas, break rooms, and common areas ensure functional flexibility for multi-tenant or single-tenant operations. Recent capital improvements, including roof replacements (2019, 2023) and elevator updates, reduce near-term maintenance exposure.
With excellent freeway access and high visibility from Interstate 40, the property offers strong signage opportunities and competitive positioning near major Albuquerque business corridors. Additional excess land of approximately 1.67 acres presents an opportunity for further development or expansion.
Property Facts
| Price | $5,891,000 CAD | Number of Properties | 3 |
| Price / SF | $91.94 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 64,072 SF |
| Status | Active | Total Land Area | 4.89 AC |
| Price | $5,891,000 CAD |
| Price / SF | $91.94 CAD / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 64,072 SF |
| Total Land Area | 4.89 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2240 Menaul Blvd NE, Albuquerque, NM 87107 | Land | 1.67 AC | - | - |
|
Midtown Center
2340 Menaul Blvd NE, Albuquerque, NM 87107 |
Office | 32,144 SF | 1980 | - |
|
Midtown Center
2300 Menaul Blvd NE, Albuquerque, NM 87107 |
Office | 31,928 SF | 1975 | - |
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