- For Lease $11.00/SF/YR
- Property Type Flex Space - Flex Space
- Property Size 4,785 SF
- Lot Size 0.23 Acre
- Zoning MX-M
- Additional Rent $11.00/SF/YR
- 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
- Visibility/Traffic Count (VPD) 30,000
- Electricity Service yes
- 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
True
3 Spaces Available
Unit 1
Flex Space
$11.00/SF/YR
957 SF
957 - 2,871 SF
5
Immediate
Modified Gross
No
Partial build out
Yes
Block
No
Dry
Other
Unit 2
Flex Space
$11.00/SF/YR
957 SF
957 - 2,871 SF
5
Immediate
Modified Gross
No
Partial build out
Yes
Block
No
Dry
Other
Unit 3
Flex Space
$11.00/SF/YR
957 SF
957 - 2,871 SF
5
Immediate
Modified Gross
No
Partial build out
No
Block
No
Dry
Other
Contacts
Berkshire Hathaway NM Commercial Real Estate
Location
Located at 127 Jefferson St NE, Albuquerque, NM 87108, this property is part of the Highland Business neighborhood and Albuquerque market.
Berkshire Hathaway NM Commercial Real Estate