2823 Richmond Drive Ne, Albuquerque, 87107



Todd D Clarke
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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


Utilities: All City
Parking Spaces: 32


Heating: 2+ Units
# of Stories: 1


Exterior: Stucco
Construction: Frame

Additional Information

Date Listed: September 12th, 2018
Days on Market: 320
Zoning: C-3

Listing Details

Listing Agent: Todd Clarke
Listing Office: NM Apartment Advisors, Inc.
Office Phone: (505) 440-8633

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Listing information last updated on September 21st, 2019 at 12:58am MDT.