300 BROADWAY Boulevard NE, A-M, Albuquerque, NM 87102 (MLS# 1008255)

300 BROADWAY Boulevard NE, A-M, Albuquerque, NM 87102

$1,000,000

Property Type: Commercial Sale Lot Size (sq. ft.): 2,526 Status: Closed

Current Price: $1,000,000 List Date: 2/01/2022 Last Modified: 12/02/2022

Overview

Description

Under contract. Taking backup offers. This ground-level commercial condominium includes Suites A-M (2 buildings for the list price of $1,000,000.00) and is part of the BelVedere project constructed in 2008. The commercial done is fully leased or pre-leased, and is managed by EDo Spaces. Current tenants are State Farm (since 2018), Confianza, Inc. (since 2021), La Finca restaurant (since 2019), Funky Olive Design (since 2018), Revelry Salon (since 2010), and The Mouse Hole restaurant (opening 7/1/22). Tenants are responsible for their own electricity, janitorial, and all non-structural repairs to the space and its equipment, including glass damage. Owner pays condo dues (which include building insurance, water-sewer-trash-recycling, and common area maintenance) and property taxes.

Listing Details MLS# 1008255

Status Change Info

Pending Date: 2022-10-18
Closing Date: 2022-12-01

Location

Street #: 300
Street Name: BROADWAY
St Suffix: Boulevard
Post Direction: NE
Unit #: A-M
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87102
Zip +4: 3488
Directions: In EDo on the north-bound side of Broadway between MLK and Tijeras, north of Central. From I-25 south, exit MLK/Central, right on Central, right on Broadway. On-street parking in front.
MLS Area Major: 80 - Downtown Area
Zone Atlas: K14
Downtown: Yes

General Property Description

Property Sub-Type: Retail Building(s)
SqFt Source: Professional
Acres: 0.06
Lot SqFt: 2526.48
Lot Size Source: Plat
Flood Zone: X
Total # Stories: Yes
Docks: No
Door Height: 6' 8''
Disability Access: Yes
HVAC: Yes
% Occupied: 100
Transaction Type: Sale
Apx Lot Dim Front: No
Apx Lot Dim Side: No
# Parking Spaces: 0
# of Docks: 0

Income Expenses

Annual Gross Income: 94200

Miscellaneous

Land Ownership: Land Owned

More Information

Sales Info

Trade/Xch Considered: No

Tax & Legal Info

UPC Code: 101405740745114801CH
Short Legal Desc: UNIT 300 BROADWAY NE B OF BELEVEDERE URBAN COURTYARD LIVING CONDOMINIUMS TOGETHER WITH AN EQUAL UNDIVIDED INTEREST IN TH
GRT Code: 02-100
Tax Exemption: No
Tax Annual Amount: 2067.68

Construction Materials

Brick: Yes
Frame: Yes

Cooling

Heat/Cooling Combination: Yes
Multi Units: Yes
Refrigerated: Yes

Heating

2+ Units: Yes
Heat Pump: Yes
Heat/Cool Combo (G): Yes

Income & Expenses

Annual Oper Expenses: 13059
Lease Term/Months: 36-60

Utilities

Electricity Connected: Yes
Natural Gas Not Available: Yes
Phone Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Lease Information

Assumable/Assignable: Yes

Parking

Street Parking Only: Yes

Docs/Data Available

Existing Leases: Yes

Finance Considered

Cash: Yes

Zoning

PD*: Yes

Property Features

Location: Downtown; Downtown Construction Materials: Brick; Frame Utilities: Electricity Connected; Natural Gas Not Available; Phone Connected; Sewer Connected; Water Connected Heating: 2+ Units; Heat Pump; Heat/Cool Combo (G) Cooling: Heat/Cooling Combination; Multi Units; Refrigerated Lease Information: Assumable/Assignable Parking: Street Parking Only Finance Considered: Cash Zoning: PD*

Documents

Form 2100 - Broker Duties Supplemental ›

Proforma ›

Listing Office: EDO Spaces, LLC

Last Updated: December - 02 - 2022

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