4200 Fourth Street NW, Albuquerque, NM 87107
$1,750,000
Property Type:
Commercial Sale
Square Footage:
12,209
Lot Size (sq. ft.):
35,284
Status:
Closed
Current Price:
$1,750,000
List Date:
9/29/2022
Last Modified:
3/08/2023
Description
Fully Leased Mixed Use Investment Opportunity
Three Fully-Leased Income Generating Buildings
.89 Acre Lot with great visibility off the hard corner of 4th St and San Lorenzo
ยฑ16,500 Cars Per Day drive by the center
Centrally located in the North Valley between I-40 & Montano
Full Access from 4th Street
Mixed Use Investment Offering : 3 Buildings on a corner lot:
Retail: 3 Suites on 4th Street Fully Leased with 3 years with options
Industrial: Two Automotive Buildings with Multiple Bays Fully Leased with 3 and 5 year terms
Residence: Two Bed/1 Bath Home Leased for one year
Gross Income: $195,300
Net Operating Income: $154,137* Estimates on Management, Insurance, and t
More Information MLS# 1023504
Status Change Info
Pending Date: 2022-12-27
Closing Date: 2023-02-16
Contract Information
Listing Price: 1750000
Current Price: $1,750,000
List Price/SqFt: 143.34
Status: Closed
Location
Street #: 4200
Street Name: Fourth
St Suffix: Street
Post Direction: NW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87107
Directions: Property is located on the Northeast corner of 4th Street and San Lorenzo. Residential property is on the east end of the parcel abutting commercial property
Geo Lat: 35.126229
Geo Lon: -106.642996
Area: 101 - Near North Valley
Zone Atlas: G14
General Property Description
Property Sub-Type: Multi-Use
Apx Structured SqFt: 12209
Acres: 0.81
Lot SqFt: 35284
Apx Lot Dim Front: 160'
Apx Lot Dim Side: 225'
Lot Description: Commercial Property facing 4th Street, Lot at NEC
Lot Size Source: On-Line
Flood Zone: X
Total # Stories: 1
# Parking Spaces: 24
Docks: No
Door Height: Unknown
Disability Access: Unknown
% Occupied: 100
Transaction Type: Sale
Tax & Legal Info
UPC Code: Not Available
Short Legal Desc: LTS 4 THRU 8 BROCK ADDN CONT 0.8154 AC M/L OR 35,520 SF M/L CITY OF ALBUQUERQUE, NM, BERNILILLO COUNTY
GRT Code: 02-100
Current Taxes: 8477
Tax Exemption: Unknown
Income & Expenses
Annual Oper Expenses: 41163
Annual Gross Income: 195300
Lease Term/Months: 36
Miscellaneous
Land Ownership: Land Owned
Sales Info
Trade/Xch Considered: No
Property Features
Location: Corner Lot; Other - See Remarks; Corner Lot; Other - See Remarks
Construction: Block; Frame
Exterior Material: Wood Siding
Property Access: S Property Line; W Property Line
Utilities: Electricity Connected; See Remarks
Heating: Other - See Remarks
Cooling: Other
Tenant Pays: Triple Net
Features: Fenced Yard; Other - See Remarks
Lease Information: Other - See Remarks
Parking: Onsite
Docs/Data Available: Aerial Map
Finance Considered: Cash
Zoning: MX-M*
Documents
Offering Memorandum ›Listing Office: NAI SunVista Commercial RE
Last Updated: March - 08 - 2023
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