401 Central Avenue NE, Albuquerque, NM 87102 (MLS# 1029900)

401 Central Avenue NE, Albuquerque, NM 87102

$750,000

Property Type: Commercial Sale Status: Pending

Current Price: $750,000 List Date: 2/21/2023 Last Modified: 4/28/2026

Overview

Description

INVESTOR FIND W/SPECIAL REQUIREMENTS: Fully occupied and ready for silent investor. This ground-level commercial condominium is part of the City Market Lofts building constructed in 2004. Current tenants are Nuve Salon (since 2020), Edo Spaces (since 2009), and EDo Storage (since 2012). 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. Proforma available upon request.

Listing Details MLS# 1029900

Status Change Info

Pending Date: 2026-02-14

Location

Street #: 401
Street Name: Central
St Suffix: Avenue
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87102
Zip +4: 3517
Directions: Located at the corner of Central and Arno, one block east of Broadway. From I-25 S, exit MLK/Central, right on Central, pass Edith, building is between Edith and Arno, metered parking in front.
MLS Area Major: 80 - Downtown Area
Zone Atlas: K14
Downtown: Yes
Other - See Remarks: Yes

General Property Description

Property Sub-Type: Mixed Use
Apx Lot Dim Front: 142 feet
Apx Lot Dim Side: 49 feet
Lot Size Source: Plat
Flood Zone: X
Total # Stories: 3
Docks: No
Door Height: 83 inches
Disability Access: Yes
% Occupied: 100
Transaction Type: Sale
Acres: 0
Lot SqFt: 0
# Parking Spaces: 0
# of Docks: 0

Income Expenses

Annual Gross Income: 77700

Miscellaneous

Land Ownership: Land Owned

More Information

Cooling

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

Sales Info

Trade/Xch Considered: No

Tax & Legal Info

UPC Code: 101405742739313008aa
Short Legal Desc: UNIT #101 OF THE CONDOMINIUM PLAT CITY MARKET LOFTS CONDOMINIUM TRACT C-2A-1-A BANNER SQUARE ADDITION TOGETHER WITH A
GRT Code: 02-100
Tax Exemption: No
Tax Annual Amount: 5600.08

Construction Materials

Brick: Yes

Heating

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

Income & Expenses

Annual Oper Expenses: 25081
Lease Term/Months: Vary

Utilities

Cable Not Available: Yes
Electricity Connected: Yes
Natural Gas Not Available: Yes
Phone Connected: Yes
Sewer Connected: Yes
Underground Utilities: Yes
Water Connected: Yes

Lease Information

Assumable/Assignable: Yes
Other - See Remarks: Yes

Docs/Data Available

Existing Leases: Yes

Finance Considered

Cash: Yes
Conventional: Yes
Other - See Remarks: Yes

Zoning

PD*: Yes

Property Features

Location: Downtown; Other - See Remarks; Downtown; Other - See Remarks Construction Materials: Brick Utilities: Cable Not Available; Electricity Connected; Natural Gas Not Available; Phone Connected; Sewer Connected; Underground Utilities; Water Connected Heating: 2+ Units; Heat/Cool Combo (G) Cooling: Heat/Cooling Combination; Multi Units; Refrigerated Lease Information: Assumable/Assignable; Other - See Remarks Finance Considered: Cash; Conventional; Other - See Remarks Zoning: PD*

Listing Office: ProVision Properties

Last Updated: April - 28 - 2026

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.