3846-3848 Rio Grande Blvd NW
3846 Rio Grande Blvd NW, 3848 Rio Grande Blvd, NW, Albuquerque, NM 87107
- $600K
- 3,037 SF building
- 0 ac
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. Prominent corner Location~ 3000 sf across two detached buildings.21 acresOff-street parking availableFive-suite configurationNear-term income visibility: existing leases extend through July and October 2027Stablilized NOI of ~$38,926 under supplied assumptionsMX-M Mixed Use Moderate Intensity zoningLive-Work Opportunity
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