Map of Property

Anthea @ The Granite

950 4th St NW, Albuquerque, NM 87102

  • For Sale $5,330,000
  • Property Type Other
  • Lot Size 0.9 SF
  • Date Updated Apr 30, 2024

Welcome to Anthea @ The Granite. This iconic multi-family building is located in the heart of the north downtown NOLO district. Anthea is a unique 3 story development constructed in 2014 subject to a 50 year ground lease with options for an additional 20 years. This is an ideal property for an investor or multi-family owner/ user. (See flyer for more information)

The 8,000 SF ground floor space features a garage-style window that opens on to an enclosed patio facing 4th Street. The ground floor, which is currently vacant, has the potential to add 11 more residential units or to be developed as executive suites, restaurant with in-place stubbed in utilities, hood ventilation, and retail or office tenants.

The upper 2 stories are 1, 2, 3 bedrooms apartments, some furnished, currently at 87% occupancy. These beautifully appointed units have high end finishes, include ample on site secured fenced parking, and are popular with millennials as well as retirees. This property is also available for alternative housing occupants. Each unit has a full kitchen, washer/dryer and outside balcony.

The property additionally has:

  • Great downtown location near restaurants, entertainment and major retail attractions.
  • ADA compliant elevators
  • Stairwells on north and south sides
  • An exercise center, conference room & separate Business Office
  • On site laundry facility, housekeeping, stock and storage
  • Main lobby and managers office

The ground floor opportunities include:

  • The ability to add 11 additional residential units, 34 in total executive suites, or a full-service restaurant
  • Below market pricing at $160 PSF or $230K per door

Anthea is an amazing opportunity for an investor, owner/ user, or alternative housing. This property is adequately zoned for transitional housing, located near applicable services.

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Attachments

Contacts

broker

Terrie Hertweck

Location

Getting Around

  • Walk Score ®

    83/100 Very Walkable

  • Transit Score ®

    46/100 Some Transit

  • Bike Score ®

    83/100 Very Bikeable
Powered by Walk Score ®
  • City Albuquerque, NM
  • Neighborhood Downtown Albuquerque
  • Zip Code 87102
  • Market Albuquerque

Points of Interest

  • Albuquerque

    0.73 miles

  • Africa Train Station

    1.24 miles

  • Asia Train Station

    1.33 miles

  • Tingley Station

    1.50 miles

  • Aquarium/Garden Station

    1.74 miles

  • Montaño

    3.14 miles

  • Bernalillo County/International Sunport

    4.41 miles

  • Los Ranchos/Journal Center

    5.99 miles

  • Sandia Pueblo

    8.60 miles

  • ChargePoint

    0.38 miles

  • Shell

    0.46 miles

  • ChargePoint

    0.73 miles

  • Love's

    0.96 miles

  • Valero

    1.29 miles

  • Speedway

    1.35 miles

  • Chevron

    1.51 miles

  • Alon

    1.53 miles

  • Chevron

    1.63 miles

  • Valero

    1.66 miles

  • Metro Park

    0.09 miles

  • Maxwell Museum Parking

    1.49 miles

  • Smith Brasher West Lot

    1.65 miles

  • Yale Parking Garage

    1.67 miles

  • Smith Brasher East Lot

    1.73 miles

  • UNMH Parking Garage

    1.74 miles

  • Smith Brasher South Lot

    1.75 miles

  • Ted Chavez Lot

    1.82 miles

  • North Lot

    1.82 miles

  • Student Services Center Lot

    1.91 miles

  • DoubleTree by Hilton Hotel Albuquerque

    0.37 miles

  • Hyatt Regency Albuquerque

    0.52 miles

  • Hotel Andaluz

    0.60 miles

  • Route 66 Hostel

    0.74 miles

  • Hilton Garden Inn

    0.76 miles

  • Embassy Suites Albuquerque

    0.78 miles

  • Days Inn by Wyndham Albuquerque Downtown

    0.89 miles

  • Howard Johnson by Wyndham Albuquerque Midtown

    0.94 miles

  • Knights Inn Albuquerque

    0.97 miles

  • Econo Lodge Downtown

    0.99 miles

  • Monroe's

    0.08 miles

  • Subway

    0.22 miles

  • Pizza Hut

    0.29 miles

  • Burger King

    0.30 miles

  • Icon Bistro

    0.35 miles

  • Pasión Latin Fusion

    0.36 miles

  • Carl's Jr.

    0.42 miles

  • McDonald's

    0.48 miles

  • Forque

    0.51 miles

  • Cocina Azul

    0.53 miles

  • Saint Vincent Academy

    0.21 miles

  • Harwood Art Center and Montessori

    0.23 miles

  • Lew Wallace Elementary School

    0.36 miles

  • Saint Mary Catholic School

    0.55 miles

  • Longfellow Elementary School

    0.70 miles

  • Albuquerque High School

    0.77 miles

  • Washington Middle School

    0.82 miles

  • Manzano Mesa Elementary

    0.96 miles

  • Coronado School

    1.02 miles

  • Alice King Community Charter School

    1.06 miles

  • Serendipity Day School

    2.43 miles

  • Wildflowers Day Nursery

    2.53 miles

  • Little Big Foot Day School

    2.55 miles

  • Steps Ahead Learning Center

    2.57 miles

  • Our Place Learning Center

    3.33 miles

  • Discovery One Child Care

    3.57 miles

  • Child Development Center

    3.76 miles

  • Eastern Child Development Center

    4.35 miles

  • All Seasons Child Care and Learning Center

    5.14 miles

  • St. Luke Preschool

    6.25 miles

Frequently Asked Questions

What is the lease rate for Anthea @ The Granite?

Rental asking rate at Anthea @ The Granite is $2,665,000.00/YR.

What is the total square footage of Anthea @ The Granite?

Anthea @ The Granite totals 33,312 square feet.

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Contact Listing Broker

broker

Terrie Hertweck