410 Central AveAlbuquerque, NM 87102

This exceptional 53,000 square foot apartment building, located at 410 Central Ave SW in Albuquerque, New Mexico, presents a compelling investment opportunity. Built in 1915, this four-story building boasts a prime location within the vibrant heart of Albuquerque's downtown area. The property sits on a 0.24-acre lot and is zoned MX-FB-UD, offering significant potential for future development or expansion. The building features three elevators – two passenger and one freight – ensuring convenient access for residents and tenants. Recent upgrades include a new sprinkler system, enhancing safety and security. The asking price is $1,855,000, translating to $35 per square foot. This property benefits from its proximity to a multitude of amenities, including the Alvarado Transportation Center, Albuquerque Rapid Transit, numerous breweries and entertainment venues, Siembra Leadership Charter School, the Albuquerque Convention Center, the "One Central" Entertainment District, and a variety of restaurants and a downtown grocery store. The high daytime population within a half-mile radius (26,336) underscores the strong demand and potential for rental income. This is a rare chance to acquire a well-situated, historic building with significant upside in a rapidly developing downtown Albuquerque location. The building's solid foundation and recent improvements make it an attractive investment for both owner-users and investors seeking strong returns in a thriving urban environment.