Oak Street Professional Building

Office for Sale
Catylist Listing ID: 30174879
Property Subtypes: Office Building
Building Size (RSF): 8,508 SF
Gross Building Area: 9,700 SF
Gross Land Area: 23,675 SF
Sale Price: $495,000
Unit Price: $58.18 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Oak Street Professional Building
Class of Space: Class C
Usable Size (USF): 8,508 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/6/2018

Overview / Comments

Attractive, highly visible and convenient office building located near I-25 and Central Ave. NE. In the heart of the Mid-town medical corridor, near major hospitals, Medical Arts Center, UNMH and other healthcare facilities. Convenient access to I-25, Downtown, Nob Hill, and UNM.
Adobe and frame construction; 4 kiva fireplaces throughout; large basement/storage area w/secure storage vault.
Currently 70% leased as Executive Suites with space for an owner/user.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: University
Taxing Authority: Bernalillo County
Tax ID/APN: 101505713949123702
Zoning: O-1 - Office and Institution Zone
Property Visibility: Excellent
Highway Access: Conveniently located near I-25 and Martin Luther King Blvd.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1968
Year Renovated: 1972
Roof Type: Flat
Parking Ratio: 5.2 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 44
Heat Source: Radiant
Air Conditioning: Other
Internet Access: Cable
Zoning Description: O-1 and P-R
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: LOTS A B & C & AREA X BLK 20 LANDS OF H B WOODWARD & POR OF  VAC ROMA AVE NE & LTD D BLK 20 COUNTRY CLUB ADDN CONT 0.5435

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,882 115,224 299,042
Median Age: 30.1 35.82 35.83
Households: 7,521 50,693 124,597
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.