4510 2nd St NW- 4516 2nd St NW
4510 2nd St NW, 4516 2nd St NW, Albuquerque, NM 87107
- $1.9M
- 12,200 SF building
- 2 ac
4510–4516 2nd Street is a unique 8-unit multi-tenant industrial complex offering a compelling combination of established cash flow, flexible lease terms, specialized automotive infrastructure, and future owner-user potential.The property has a strong history of tenant retention, with several occupants operating at the property for many years. Most leases are structured on a short-term or month-to-month basis, giving a new owner tremendous flexibility to maintain the existing income stream, reposition rents, expand existing tenants, or gradually transition portions of the property for owner-user occupancy.Originally developed around the automotive, body shop, and heavy-truck industries, the property was specifically designed to accommodate large vehicles, including semi-trucks. One of its most distinctive features is a massive 800+ SF paint booth capable of accommodating semi-trucks, RVs, fleet vehicles, and other oversized equipment—a difficult-to-replicate feature that sets this property apart from typical industrial offerings.Since acquiring the property in 2018, ownership has made substantial improvements, including upgraded LED lighting, extensive new paving, a 360-degree security camera system, an office trailer, and more than 3,000 SF of additional “shipping container” space that expands the property's functional utility.The offering also includes just over 0.60 acres of fenced land immediately south of the improvements, providing valuable outdoor storage, vehicle parking, equipment storage, or overflow yard space.With the majority of tenants currently paying more than $14.00/SF NNN, the property provides an attractive combination of in-place income and long-term upside. Whether acquired as a stabilized multi-tenant investment, an automotive or fleet-oriented facility, or a future owner-user property, 4510–4516 2nd Street offers flexibility that is increasingly difficult to find in the Albuquerque industrial market.
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