5301 Central Ave NE | Albuquerque, NM 87108
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- LoopNet Team
5301 Central Ave NE
Albuquerque, NM 87108
Tower 17 | Multi-family/Office Redevelopment · Office Property For Sale
Investment Highlights
- Tower 17 is a renovated 17-story, 4-star modern office with four passenger elevators, 24-hour security access, and 660 parking spaces.
- Strong recent submarket performance, with vacancy rates down 4.2% YOY and rents up 11.8% over the past three years.
- Property sits less than 10 minutes from downtown Albuquerque and the Albuquerque International Airport, with easy access to Interstates 25 and 40.
- Over 262,000 residents within five miles of 5301 Central Avenue NE, and daytime employment of over 215,000.
PROPERTY FACTS
Sale Condition
Auction Sale
Property Type
Office
Building Size
170,000 SF
Building Class
B
Year Built/Renovated
1963/2021
Percent Leased
Vacant
Tenancy
Multiple
Building Height
17 Stories
Typical Floor Size
10,000 SF
Slab To Slab
12’
Building FAR
0.60
Lot Size
6.55 AC
Zoning
MX-M
Parking
660 Spaces (3.88 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Signage
- Basement
- Central Heating
- Natural Light
- Outdoor Seating
- Air Conditioning
zoning
| Zoning Code | MX-M |
| MX-M |
PROPERTY TAXES
| Parcel Number | 1-018-057-020201-3-22-02 | Improvements Assessment | $2,163,930 |
| Land Assessment | $128,320 | Total Assessment | $2,292,250 |
PROPERTY TAXES
Parcel Number
1-018-057-020201-3-22-02
Land Assessment
$128,320
Improvements Assessment
$2,163,930
Total Assessment
$2,292,250
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