Former Nob Hill Parole Building for Sale or Lease through Allen Simon RE Group
By Anca Gagiuc, Associate Editor
The 30,000 square-foot property, which sits on .3496 acres, has previously served as the probation and parole offices of the corrections department. It is listed by Allen Simon Real Estate Group at $1.8 million, with additional land available for parking.
Nob Hill is located at the connection point between the commercial and residential areas of Albuquerque. It is one of the state’s best preserved areas, overlapping with the renowned Route 66. The famous road goes through many neon signs and deco-inspired towers in the epicenter of Albuquerque.
Vice Presidents Jeff Martinez and Allen Powell have started working with local architects to determine the possibilities of the building, and the types of updates the property needs in its current condition. The complex stands in close proximity to the main campus of the University of New Mexico and area tenants include Urban Outfitters, Starbucks, Yanni’s Mediterranean Restaurant, Wells Fargo, Taco Bell, and Pizza Hut. Transit is offered through Rapid Ride Bus.
The property is listed as redevelopment opportunity which, due to its location, can become a new office or retail space, or even multifamily project.
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