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  1. Commercial Properties
  2. NM
  3. Albuquerque

Open Flex Space in Nob Hill with Yard

For Sale

127 Jefferson NE, Albuquerque, NM 87108

Positioned steps off Central Avenue — Albuquerque's most trafficked commercial spine — this versatile multi-suite property presents a compelling opportunity for owner-users, investors, and tenants alike. Sitting on .23 acres zoned MX-M (Mixed-Use Medium Intensity), one of Albuquerque's most flexible commercial designations, the property offers 2,871 total contiguous square feet across three individually divisible 957 SF suites — each featuring open-plan layouts ready for customization, two restrooms, and a gated secured yard ideal for contractors, service businesses, or any operation requiring outdoor storage or staging.

The property sits less than one mile from San Mateo Boulevard and Interstate I-40, with 30,000 VPD on Central Avenue and dedicated ingress/egress from the east property line. The surrounding trade area includes 253,827 residents within a 5-mile radius and an average household income of $69,355 — one of the densest and most active submarkets in New Mexico. The Central/Highland/Upper Nob Hill Metropolitan Redevelopment Area expansion brings city-backed tax abatements and TIF incentives to the corridor, and MX-M zoning supports future higher-density or mixed-use repositioning for long-term upside well beyond the current improvements.

For investors, the property supports a multi-tenant income strategy with the flexibility to lease one, two, or all three suites at market rate — while owner-users can occupy one suite and lease the remaining two to offset their cost basis. 

 

Building & Site

 

2,871 SF Total Contiguous Space

957 SF Per Suite | 3 Divisible Suites

Available: 957 SF | 1,914 SF | 2,871 SF

.23 Acres

Zoned MX-M — Mixed-Use Medium Intensity

Open Work Area | Ready for Customization

2 Restrooms Per Suite

Gated Secured Yard with Possible Yard Space

6 Parking Spaces | 2/1,000 SF Parking Ratio

Dedicated Ingress/Egress from East Property Line

 

Location

 

Directly off Central Avenue — Albuquerque's Primary Commercial Corridor

30,000 VPD — Central Ave / Jackson St Going West

Less than 1 Mile from San Mateo Blvd & Interstate I-40

Trade Area — 5-Mile Radius

Population: 253,827

Average Household Income: $69,355

Daytime Employees: 215,755

 

Investment & Zoning Upside

 

Located within the Central/Highland/Upper Nob Hill Metropolitan Redevelopment Area

Eligible for City-Backed Tax Abatements & TIF Incentives

MX-M Zoning Supports Future Higher-Density or Mixed-Use Repositioning

Strong Owner-User Play — Occupy One Suite, Lease the Remaining Two

Key features

  • BUILDING & SITE: » 2,871 SF Total Contiguous Space » 957 SF Per Suite | 3 Divisible Suites
  • Available: 957 SF | 1,914 SF | 2,871 SF » .23 Acres » Zoned MX-M — Mixed-Use Medium Intensity
  • Open Work Area | Ready for Customization » 2 Restrooms Per Suite » Gated Secured Yard with Possible Yard Space » 6 Parking Spaces | 2/1,000 SF Parking Ratio
  • Dedicated Ingress/Egress from East Property Line LOCATION: » Directly off Central Avenue — Albuquerque’s Primary Commercial Corridor

Building Details

  • For Sale $495,000
  • Property Type Flex Space - Flex Space
  • Property Size 4,785 SF
  • Lot Size 0.23 Acre
  • Zoning MX-M
  • Additional Rent Price on request
  • # of Floors 1
  • Parking Spaces Avail. 5
  • Parking Ratio 1.04 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1975
  • Date Updated Apr 22, 2026
  • Construction Type Block
  • Visibility/Traffic Count (VPD) 30,000
  • Drop Down Power Outlets

    No

    Fire Sprinklers

    Dry

    HVAC

    Other

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

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Contacts

broker
Jacob Lopez

Berkshire Hathaway NM Commercial Real Estate

broker
Jacob Lopez

Location

  • City Albuquerque, NM
  • Neighborhood Highland Business
  • Zip Code 87108
  • Market Albuquerque
  • Map
  • Street
  • Walk score 83/100 Very Walkable
  • Transit score 45/100 Some Transit
  • Bike score 92/100 Biker's Paradise
Powered by Walk Score ®

Points of Interest

Africa Train Station

3.80 miles

Asia Train Station

4.04 miles

Montaño

4.53 miles

Tingley Station

4.58 miles

Bernalillo County/International Sunport

4.97 miles

Aquarium/Garden Station

4.98 miles

Los Ranchos/Journal Center

6.82 miles

Sandia Pueblo

9.05 miles

Fill-Up

0.34 miles

Y-Mart

0.34 miles

Valero

0.38 miles

Alon

0.46 miles

Murphy Express

0.66 miles

Pump-N-Save

0.80 miles

Circle K

0.96 miles

Smith's gas station

1.09 miles

Tesla Supercharger

2.27 miles

ChargePoint

3.24 miles

Lomas Parking Structure

1.39 miles

Cornell Parking Garage

1.46 miles

Yale Parking Garage

1.65 miles

New UNMH Parking Garage

1.68 miles

Patient Lot

1.76 miles

Central Lot

1.76 miles

North Lot

1.79 miles

Central New Mexico Community College Paid Parking

1.79 miles

Jeanette Stromberg Lot

1.80 miles

Maxwell Museum Parking

1.84 miles

Octopus Car Wash

0.48 miles

Rain Tunnel

0.64 miles

Wash-Go

0.78 miles

ROCKY MOUNTAIN CAR WASH

0.82 miles

Brite Shine Carwash

2.07 miles

Enterprise

2.99 miles

ABQ Rental Car Center

3.16 miles

ACE Car Rental

3.25 miles

Budget

3.26 miles

Avis

3.27 miles

Loyola's

0.09 miles

Taco Tote! Albuquerque

0.10 miles

Dion's

0.12 miles

Kasbah

0.15 miles

Orchid Thai

0.17 miles

Korean BBQ

0.20 miles

Vibrance

0.21 miles

Thai Cuisine II

0.22 miles

Wendy's

0.24 miles

El Sarape

0.30 miles

Nob Hill Body and Soul Center

0.40 miles

Sprouts Farmers Market

0.59 miles

La Montañita Co-op Nob Hill

0.67 miles

El Mezquite Market

0.90 miles

Smith's

1.00 miles

Bombay Spice

1.12 miles

La Montanita

1.49 miles

999 Seafood Supermarket

1.53 miles

Whole Foods Market

1.71 miles

TJ Maxx

2.05 miles

Walgreens

0.39 miles

Albuquerque Fire Station 11

0.95 miles

Triangle Park Police Substation

1.06 miles

Albuquerque Fire Station 3

1.15 miles

Duke City Urgent Care

1.20 miles

Albuquerque Indian Health Center

1.38 miles

Police Administration Building

1.49 miles

University of New Mexico Hospital

1.53 miles

ABQ Health Partners Plastic Surgery

1.56 miles

Benzer Pharmacy

1.60 miles

Listing Summary

  • What is the asking price at Open Flex Space in Nob Hill with Yard?

    Open Flex Space in Nob Hill with Yard is currently listed for sale at Price on request.

  • What is the total size of Open Flex Space in Nob Hill with Yard?

    Open Flex Space in Nob Hill with Yard has a total of 4,785 square feet.

  • What is the year built for Open Flex Space in Nob Hill with Yard?

    The year built for Open Flex Space in Nob Hill with Yard is 1975.

Contact Jacob Lopez
broker
Jacob Lopez

Berkshire Hathaway NM Commercial Real Estate

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