Homes by Carolyn Fischman

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.

Scroll to Top

Let's Connect!