Redevelopment Opportunity Across from ABQ Old Town

2016 & 2020 Central Ave SW, Albuquerque, NM 87104

Property Information

  • For Sale $875,000
  • Property Type Other
  • Property Size 6,700 SF
  • Lot Size 1.31 SF
  • Date Updated Sep 27, 2026

Description

  • Three total parcels warrant redevelopment opportunity
  • 2016 Central Ave SW — Occupied by US Postal Service
    • Lease 8/1/23 – 7/31/28 — $50,193 Annual rent ($4,182.75 /mo)
    • No additional renewal options exist
    • USPS has option to terminate with 30 day notice at any time
    • Lease is modified gross whereby Landlord pays insurance, property taxes, glass breakage, and roof
    • Tenant pays gas, electric, water, sewer, trash, snow removal, landscape maintenance, and janitorial
  • 2020 Central Ave SW — building is vacant and formerly used as a jewelry store and pawn shop
  • Across from ART Bus Stop
    • No left in or left out
  • Easement exists to Alahambra across lot

Contacts

Location

Located at 2016 & 2020 Central Ave SW, Albuquerque, NM 87104, this property is part of the Old Town Albuquerque neighborhood and Albuquerque market.

Contact Listing Broker
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.