Active
517 GOLD Avenue SW
Albuquerque NM, 87102
$15,000,000
$61.27 per sqft
Active
60 Beds
60 Baths
244,800 sqft
Multi-family
Built in 1958
Courtesy of R1 Commercial
8 Story high rise re-development deal. First two floors have been converted to 60 apartment units in 2017. Floors 3-7 are shell floors ready to be built into an additional 150 units. 8th floor is approx 20,000 sqft of built out office space currently for lease at $9.50 PSF. Property consists of 4 elevators. Huge potential on this property and most of the heavy lifting has been completed. Plans for converting basement into parking are in the works.
1079412
MLSⓇ ID
March 4, 2025
Listed
March 4, 2025
Updated
Interior Features
Total Stories
5
Bedrooms
60
Total Bathrooms
60
Appliances
Free-Standing Electric Range, Microwave, Refrigerator, Range Hood
Floor Description
Laminate
Fireplace
No
Cooling
Yes
Cooling Description
Refrigerated
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Size
0.93 Acres
Other Property Details
Area Name
80 - Downtown Area
Taxes
$6,975
Tax Frequency
Annually
Garage
No
View
No
County
Bernalillo
Pool
No
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Green Building Features
Green Features
None
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