Open Flex Space in Nob Hill with Yard

127 Jefferson NE, Albuquerque, NM 87108

Property Information

  • For Sale $495,000
  • Property Type Flex Space - Flex Space
  • Property Size 4,785 SF
  • Lot Size 0.23 Acre
  • Zoning MX-M
  • # of Floors 1
  • Parking Spaces Avail. 5
  • Parking Ratio 1.04 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1975
  • Date Updated Apr 22, 2026
  • Construction Type Block
  • Visibility/Traffic Count (VPD) 30,000
  • Drop Down Power Outlets No
  • Fire Sprinklers Dry
  • HVAC Other

Description

Positioned steps off Central Avenue — Albuquerque's most trafficked commercial spine — this versatile multi-suite property presents a compelling opportunity for owner-users, investors, and tenants alike. Sitting on .23 acres zoned MX-M (Mixed-Use Medium Intensity), one of Albuquerque's most flexible commercial designations, the property offers 2,871 total contiguous square feet across three individually divisible 957 SF suites — each featuring open-plan layouts ready for customization, two restrooms, and a gated secured yard ideal for contractors, service businesses, or any operation requiring outdoor storage or staging.

The property sits less than one mile from San Mateo Boulevard and Interstate I-40, with 30,000 VPD on Central Avenue and dedicated ingress/egress from the east property line. The surrounding trade area includes 253,827 residents within a 5-mile radius and an average household income of $69,355 — one of the densest and most active submarkets in New Mexico. The Central/Highland/Upper Nob Hill Metropolitan Redevelopment Area expansion brings city-backed tax abatements and TIF incentives to the corridor, and MX-M zoning supports future higher-density or mixed-use repositioning for long-term upside well beyond the current improvements.

For investors, the property supports a multi-tenant income strategy with the flexibility to lease one, two, or all three suites at market rate — while owner-users can occupy one suite and lease the remaining two to offset their cost basis. 

 

Building & Site

 

2,871 SF Total Contiguous Space

957 SF Per Suite | 3 Divisible Suites

Available: 957 SF | 1,914 SF | 2,871 SF

.23 Acres

Zoned MX-M — Mixed-Use Medium Intensity

Open Work Area | Ready for Customization

2 Restrooms Per Suite

Gated Secured Yard with Possible Yard Space

6 Parking Spaces | 2/1,000 SF Parking Ratio

Dedicated Ingress/Egress from East Property Line

 

Location

 

Directly off Central Avenue — Albuquerque's Primary Commercial Corridor

30,000 VPD — Central Ave / Jackson St Going West

Less than 1 Mile from San Mateo Blvd & Interstate I-40

Trade Area — 5-Mile Radius

Population: 253,827

Average Household Income: $69,355

Daytime Employees: 215,755

 

Investment & Zoning Upside

 

Located within the Central/Highland/Upper Nob Hill Metropolitan Redevelopment Area

Eligible for City-Backed Tax Abatements & TIF Incentives

MX-M Zoning Supports Future Higher-Density or Mixed-Use Repositioning

Strong Owner-User Play — Occupy One Suite, Lease the Remaining Two

Highlights

  • BUILDING & SITE: » 2,871 SF Total Contiguous Space » 957 SF Per Suite | 3 Divisible Suites
  • Available: 957 SF | 1,914 SF | 2,871 SF » .23 Acres » Zoned MX-M — Mixed-Use Medium Intensity
  • Open Work Area | Ready for Customization » 2 Restrooms Per Suite » Gated Secured Yard with Possible Yard Space » 6 Parking Spaces | 2/1,000 SF Parking Ratio
  • Dedicated Ingress/Egress from East Property Line LOCATION: » Directly off Central Avenue — Albuquerque’s Primary Commercial Corridor

Contacts

Jacob Lopez

Berkshire Hathaway NM Commercial Real Estate

broker
Jacob Lopez

Location

Located at 127 Jefferson NE, Albuquerque, NM 87108, this property is part of the Highland Business neighborhood and Albuquerque market.

Contact Listing Broker
Jacob Lopez

Berkshire Hathaway NM Commercial Real Estate

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