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31614011
31614010

127 Jefferson Street Northeast, Albuquerque, NM 87108

JL
NM REC-2024-0071
Berkshire Hathaway New Mexico Commercial Division
Listed by Berkshire Hathaway New Mexico Commercial Division
$495,000
73 days on market
Updated 40 days ago

Open Flex Space in Nob Hill with Yard

Details
Property Type Retail, Industrial (+1)
Sub Type Shopping Center, Flex (+1)
Square Footage 4,785
Net Rentable (SqFt) 2,871
Units 5
Occupancy 40%
Tenancy Multi
Lease Type Modified
Price per SqFt $103
Class B
Year Built 1975
Buildings 1
Acreage 0.230
Zoning MX-M
Parking Spaces 5 spaces
Parking Per SqFt 1.04
Investment Type Owner/User
Tenant Credit No Credit Rating
Ground Lease No

Open Flex Space in Nob Hill with Yard

Marketing 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.

Investment 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
  • 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

Listing Contacts

JL
NM REC-2024-0071
Berkshire Hathaway New Mexico Commercial Division
Listed by Berkshire Hathaway New Mexico Commercial Division

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Zoning

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MX-M MixedMixed UseMixed Use Medium Intensity
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Last updated May 23, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Jacob Lopez
License
NM REC-2024-0071
Brokerage
Berkshire Hathaway NM Commercial Real Estate
Title
Broker of Record
Brokerage Address
6711 Academy Rd NE Suite B Albuquerque, NM 87109
Name
Jacob Lopez
License
REC-2024-0071
Brokerage
Berkshire Hathaway NM Commercial Real Estate
Title
Qualifying Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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