1520 Lomas Boulevard NW, Albuquerque, NM 87104
$760,000
Property Type:
Commercial Sale
Square Footage:
2,890
Lot Size (sq. ft.):
10,890
Status:
Active
Current Price:
$760,000
List Date:
4/12/2024
Last Modified:
4/13/2024
Description
Welcome to this versatile commercial property, located in the heart of downtown and boasting excellent visibility and high traffic volume. This former restaurant space has been recently renovated and repurposed as a cannabis dispensary.
Featuring restaurant hoods still in place and a spacious walk-in cooler, this property can easily be converted back into a restaurant
This property has a tenant and is being sold as an investment with an 8% return.
Supplements: With its ideal location and unique features, it's the perfect opportunity for any business owner looking to expand their operations or start a new venture. Don't miss out on this incredible opportunity to lease a highly visible and versatile commercial property in the heart of downtown. Contact us today to schedule a tour and see all that this property has to offer.
More Information MLS# 1033112
Contract Information
Listing Price: 760000
Current Price: $760,000
List Price/SqFt: 262.98
Status: Active
Location
Street #: 1520
Street Name: Lomas
St Suffix: Boulevard
Post Direction: NW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87104
Zip +4: 1255
Directions: From I-25 and Lomas, go west on Lomas. When you pass 15th St the property will be on the South side of Lomas.
Geo Lat: 35.09257
Geo Lon: -106.663928
Area: 80 - Downtown Area
Zone Atlas: J13
General Property Description
Property Sub-Type: Other
Apx Structured SqFt: 2890
SqFt Source: Professional
Acres: 0.25
Lot SqFt: 10890
Apx Lot Dim Front: 100
Apx Lot Dim Side: 100
Lot Size Source: On-Line
Flood Zone: X
Total # Stories: 1
# Parking Spaces: 20
Docks: No
Door Height: 7'6''
Disability Access: Yes
HVAC: Yes
Transaction Type: Sale
Tax & Legal Info
UPC Code: 101305831419143009
Short Legal Desc: TRS 87-A & 87-B MRGCD MAP 38 & LT 1 BLK 20 PEREA ADDN CONT 1 0,850 SQ FT +-
GRT Code: 02-100
Current Taxes: 4074.6
Tax Exemption: Unknown
Miscellaneous
Land Ownership: Land Owned
Sales Info
Trade/Xch Considered: No
Property Features
Location: Downtown; Freestanding; Downtown; Freestanding
Construction: Block; Frame
Exterior Material: Stucco
Road Surface Type: Paved
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected
Heating: Natural Gas
Cooling: Evaporative Cooling
Features: 220 Power; Security System
Lease Information: None
Parking: Guest Parking; Offsite; Onsite
Docs/Data Available: None
Finance Considered: Cash; Conventional; Lease
Zoning: MX-L*
Listing Office: EXP Realty LLC
Last Updated: April - 13 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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