127 Jefferson Street Northeast
Flex warehouse with three divisible suites in Albuquerque's Nob Hill area, offered at $495,000. The 2,871 SF Class B property on 0.23 acres is zoned MX-M and consists of three 957 SF units, each with open floor plans, two restrooms, and access to a secured gated yard—ideal for owner-users, contractors, or service businesses. All three suites can be leased individually or combined into one contiguous space.
Built in 1975, the single-story building sits just off Central Avenue (30,000 vehicles per day) and less than one mile from San Mateo Boulevard and Interstate 40. The property includes five on-site parking spaces and dedicated ingress/egress from the east property line. The surrounding trade area supports strong commercial demand: over 253,000 residents, an average household income of $69,355, and more than 215,000 daytime employees within five miles. As part of the Central/Highland/Upper Nob Hill Metropolitan Redevelopment Area, the property may qualify for city-backed tax abatements and TIF incentives. The flexible MX-M zoning also allows for future higher-density or mixed-use redevelopment.
- Three divisible 957 SF suites, individually or combined
- Gated, secured yard for outdoor storage and staging
- Just off Central Avenue with 30,000 daily vehicles; under one mile to I-40
- Eligible for city tax abatements and TIF incentives
- MX-M zoning supports future redevelopment upside
More property details
Location
This 2,871-square-foot flex commercial property offers a highly versatile opportunity for owner-users and investors in Albuquerque's desirable Nob Hill area. Situated on approximately 0.23 acres and zoned MX-M (Mixed-Use Medium Intensity), the property consists of three divisible 957-square-foot suites, available individually or as a contiguous space, each featuring an open floor plan ready for customization, two restrooms, and access to a gated, secured yard ideal for contractors, service businesses, or operations requiring outdoor storage and staging. The site also provides six on-site parking spaces and dedicated ingress and egress from the east property line. Located just off Central Avenue, Albuquerque's primary commercial corridor with approximately 30,000 vehicles per day, and less than one mile from San Mateo Boulevard and Interstate 40, the property enjoys outstanding accessibility and visibility. The surrounding trade area includes more than 253,000 residents, an average household income of approximately $69,355, and over 215,000 daytime employees within a five-mile radius, supporting strong commercial demand. Positioned within the Central/Highland/Upper Nob Hill Metropolitan Redevelopment Area, the property may also benefit from city-backed tax abatements and TIF incentives, while its flexible MX-M zoning allows for future higher-density or mixed-use redevelopment. Whether utilized as a multi-tenant investment with market-rate leasing or as an owner-user opportunity by occupying one suite and leasing the remaining spaces, this asset offers exceptional flexibility, stable income potential, and long-term redevelopment upside.