3846-3848 Rio Grande Boulevard NW, Albuquerque, NM 87107
sale
$600,000
|
Retail
Courtesy Of Keller Williams Realty
Corner visibility, North Valley appeal and in-place income meet at Rio Grande Boulevard and Griegos Road, near the Rio Grande Shops at Flying Star Plaza. Two buildings with five suites offer investment and future owner-user possibilities. Three suites in 3846 are leased through 2027; two vacant suites in 3848 offer immediate lease-up opportunities. After the applicable lease expires, Suite A in 3846 could serve as a 2-bedroom/1-bath residence with a full kitchen, dining and living room. With modifications to connect Suite B internally, the residence could expand to 3 bedrooms/2 baths with a second living or work space, subject to required approvals. Pursue a five-suite rental investment or plan for future residential occupancy while retaining income. The prominent corner lot offers exposure along two established roads near shopping and dining. MX-M mixed-use zoning supports a range of potential uses, subject to applicable requirements and approvals.
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Property Features
- Age: Over 50 Years Old
- Exterior Type: Frame
- Floor Covering: Vinyl
- Floor Covering: Tile
- Legal Description: Mrgcd Map 31 Tr 134A1 Exc Por To R/W Griegos Rd Nw Cont 0.21 9 Ac
- MLSID: 202604537
- Parking Spaces: 11
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