3,037 sqft
$600,000
3848 Rio Grande Boulevard NW, Albuquerque NM, 87107
Price per sqft$197.56
Property size3,037 sqft
Property typeCommercial
Courtesy of Keller Williams Realty
Overview
Active
Listed Oct 22, 2026
Updated 2h ago
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.
Additional information
- MLS® ID
- 1112914
Interior Features
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.21 Acres
Other Property Details
- Taxes
- $5,832
- Tax Frequency
- Annually
- Maintenance Expense
- $4,524
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