Downtown Multifamily/Retail Complex Investment Opportunity

1 Central Ave NW, Albuquerque, NM 87102

  • For Sale $29,900,000
  • Property Type Other
  • Lot Size 1.11 SF
  • Additional Rent Contact for pricing
  • Building Class A
  • Year Built 2018
  • Date Updated Jun 18, 2024

Colliers New Mexico is pleased to present the opportunity to acquire One Central Plaza, a 2018-built, 78-unit apartment and 35,475 square foot retail complex located at the gateway to Albuquerque’s vibrant downtown. The 6-story mid-rise property is located on the northeast corner of Central and 1st Street, providing unparalleled access to Albuquerque’s finest entertainment, restaurant, education, and recreation venues. The multifamily and retail components may be purchased together or separately.


The One Central apartments are one property of a 3-property condominium project. The 35,475 square foot retail space, plus approximately 20,000 square feet of common exterior patios on multiple levels, is the second property. The 3-story, 432-space wrapped parking garage, maintained by the City of Albuquerque, is the third property. The parking garage, although an integral part of the complex, is not included in the offering. However, the maintenance by the city will remain in full force for the benefit of the residents and tenants. One Central is a sophisticated urban living community unlike any other in Albuquerque.


The current apartment rents are well below similar A-Class rates, therefore scheduled increases are in place for 2023. The retail property is currently 44% occupied; however, proforma rents with an entertainment venue are used for 95% occupancy.


One Central was designed with superior construction materials by award-winning architectural firms, SMPC Architects & Studio Southwest Architects. It has become a popular flagship property and has high demand with Albuquerque’s most exclusive tenants, restaurants, and entertainment establishments, such as One Central’s Canvas Artistry, Natural Fitness, La Zenita Mexican Restaurant, Yummy’s Mini Donuts & Ice Cream, and the soon to open Enter Player Two Internet Gaming Center.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker

Terrie Hertweck

Location

Getting Around

  • Walk Score ®

    92/100 Walker's Paradise
  • Transit Score ®

    51/100 Good Transit
  • Bike Score ®

    88/100 Very Bikeable
Powered by Walk Score ®
  • City Albuquerque, NM
  • Neighborhood Downtown Albuquerque
  • Zip Code 87102
  • Market Albuquerque

Points of Interest

  • Albuquerque

    0.06 miles

  • Africa Train Station

    0.85 miles

  • Asia Train Station

    1.05 miles

  • Tingley Station

    1.51 miles

  • Aquarium/Garden Station

    1.93 miles

  • Isleta Pueblo

    9.62 miles

  • ChargePoint

    0.31 miles

  • Shell

    0.46 miles

  • Chevron

    0.96 miles

  • Valero

    1.08 miles

  • Alon

    1.17 miles

  • ChargePoint

    1.34 miles

  • Valero

    1.50 miles

  • FINA

    1.59 miles

  • Smiths Food and Drug Fuel Center

    1.60 miles

  • Love's

    1.62 miles

  • Metro Park

    0.60 miles

  • Smith Brasher West Lot

    1.13 miles

  • Smith Brasher South Lot

    1.20 miles

  • Smith Brasher East Lot

    1.22 miles

  • Maxwell Museum Parking

    1.26 miles

  • Ted Chavez Lot

    1.32 miles

  • Student Services Center Lot

    1.34 miles

  • North Lot

    1.38 miles

  • Isotopes Parking Lot

    1.38 miles

  • Central Lot

    1.45 miles

  • Hotel Andaluz

    0.12 miles

  • Hilton Garden Inn

    0.15 miles

  • Hyatt Regency Albuquerque

    0.22 miles

  • DoubleTree by Hilton Hotel Albuquerque

    0.31 miles

  • Days Inn by Wyndham Albuquerque Downtown

    0.43 miles

  • Knights Inn Albuquerque

    0.52 miles

  • Hotel Parq Central

    0.55 miles

  • Econo Lodge Downtown

    0.56 miles

  • Route 66 Hostel

    0.67 miles

  • Crossroads Motel

    0.68 miles

  • Yummy's

    0.05 miles

  • Tucanos

    0.06 miles

  • Sushi King

    0.07 miles

  • Pizza 9

    0.09 miles

  • JC's New York Pizza Department

    0.13 miles

  • Le Troquet

    0.18 miles

  • Jimmy John's

    0.18 miles

  • Aldo's New York Style Pizzeria

    0.20 miles

  • Foodtopia

    0.20 miles

  • Anatolia

    0.21 miles

  • Longfellow Elementary School

    0.41 miles

  • Saint Mary Catholic School

    0.42 miles

  • Coronado School

    0.47 miles

  • Lew Wallace Elementary School

    0.51 miles

  • Saint Vincent Academy

    0.61 miles

  • Eugene Field Elementary School

    0.61 miles

  • Saint Francis Xavier School

    0.63 miles

  • Washington Middle School

    0.74 miles

  • Harwood Art Center and Montessori

    0.80 miles

  • Dolores Gonzales Elementary School

    0.82 miles

  • Serendipity Day School

    2.13 miles

  • Wildflowers Day Nursery

    2.37 miles

  • Steps Ahead Learning Center

    2.68 miles

  • Little Big Foot Day School

    2.79 miles

  • Our Place Learning Center

    3.39 miles

  • Discovery One Child Care

    3.55 miles

  • Child Development Center

    3.66 miles

  • Eastern Child Development Center

    3.93 miles

  • All Seasons Child Care and Learning Center

    4.88 miles

  • St. Luke Preschool

    6.28 miles

Frequently Asked Questions

How much does Downtown Multifamily/Retail Complex Investment Opportunity cost?

The space currently listed for sale at Downtown Multifamily/Retail Complex Investment Opportunity asks for $29,900,000.

What is the total square footage of Downtown Multifamily/Retail Complex Investment Opportunity?

Downtown Multifamily/Retail Complex Investment Opportunity totals 96,505 square feet.

When was this property built?

Downtown Multifamily/Retail Complex Investment Opportunity was built in 2018.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Terrie Hertweck