51
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$600,000
Est. payment /mo
9,147 Sqft Lot
New
3846-3848 Rio Grande BLVD NW Albuquerque, NM 87107
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202604537
HOA Y/N No
Year Built 1961
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type Retail
Property Description
Corner visibility, North Valley appeal and in-place income meet at Rio Grande Boulevard and Griegos Road, near the Rio Grande Shops at Flying Star Plaza. Two buildings with five suites offer investment and future owner-user possibilities. Three suites in 3846 are leased through 2027; two vacant suites in 3848 offer immediate lease-up opportunities. After the applicable lease expires, Suite A in 3846 could serve as a 2-bedroom/1-bath residence with a full kitchen, dining and living room. With modifications to connect Suite B internally, the residence could expand to 3 bedrooms/2 baths with a second living or work space, subject to required approvals. Pursue a five-suite rental investment or plan for future residential occupancy while retaining income. The prominent corner lot offers exposure along two established roads near shopping and dining. MX-M mixed-use zoning supports a range of potential uses, subject to applicable requirements and approvals.
Location
State NM
County Bernalillo
Interior
Flooring Tile, Vinyl
Fireplace No
Exterior
Parking Features Paved, Parking Lot
Utilities Available Electricity Available
Water Access Desc Public
Present Use Retail
Total Parking Spaces 11
Private Pool No
Building
Foundation Basement
Sewer Public Sewer
Water Public
Others
Tax ID 101306117719530807
Acceptable Financing Cash, Conventional, New Loan
Listing Terms Cash, Conventional, New Loan
Special Listing Condition Standard
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Listed by Lisa Godin • Keller Williams Realty
Nearby Locations
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