2823 Richmond Drive Ne, Albuquerque, 87107

Commercial - Office Building(s) For Sale

$669,723

Beds
Baths
Sqft
.46Acres
Built
291DOM
MLS® #: 928375
Active, 291 Days on Market

Built in 1987, demisable into two spaces (easily), but currently used as 21 office, three conference room, two kitchen large space with 32 onsite parking spaces, with potential for more off site and in adjoining properties.Its is located in an Opportunity Zone (for investors) and HUB zone (for users). If it would help your buyer, my seller is open to some short term seller financing for an immediate occupancy.I have analyzed the new opportunity zone legislation and it looks like it could improve the after tax IRR on this property by 0.5%.APOD shows 8.0% cap rate, 10% cash on case (page 3), floorplan is on page 12, virtual tour in document center.Offering price is $669,723 or $108/sf or lease at $15.20/sf FS.

Essential Information

MLS® #: 928375
Price: $669,723
Acres: 0.46
Type: Commercial
Sub-Type: Office Building(s)
Status: Active

Community Information

Address: 2823 Richmond Drive Ne
Area: 41 - Uptown
City: Albuquerque
County: Bernalillo
State: NM
Zip Code: 87107

Amenities

Utilities: All City
Parking Spaces: 32

Interior

Heating: 2+ Units
# of Stories: 1

Exterior

Exterior: Stucco
Construction: Frame

Additional Information

Date Listed: September 12th, 2018
Days on Market: 291
Zoning: C-3

Listing Details

Listing Office: NM Apartment Advisors, Inc.

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Listing information last updated on August 23rd, 2019 at 5:43am MDT.