Open Flex Space in Nob Hill with Yard
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
Reach out to the broker for more info on lease terms and amenities
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Contacts
Berkshire Hathaway NM Commercial Real Estate
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
- # 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
Attachments
Getting Around
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Walk Score ®
Very Walkable (83) -
Transit Score ®
Some Transit (45) -
Bike Score ®
Biker's Paradise (92)
Location
- City Albuquerque, NM
- Neighborhood Highland Business
- Zip Code 87108
- Market Albuquerque
Points of Interest
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
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
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
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
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
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
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
127 Jefferson NE Listing Summary
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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 Contact for pricing.
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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.
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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.
Berkshire Hathaway NM Commercial Real Estate