Iconic Pazuela Sombra Shopping Center in Old Town

Shopping Center for Sale
Catylist Listing ID: 30777830
Property Subtypes: Mixed Use, Other
Building Size (RSF): 14,645 SF
Gross Building Area: See Agent
Gross Land Area: 0.22 Acres
Sale Price: $2,627,570
Unit Price: $179.42 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Pazuela Sombra
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 1/11/2022

Overview / Comments

NOI: $183,930
CAP Rate: 7%

Property Benefits:
- Collection of 17 units with street front retail
- Great location off of the main entrance into Old Town Plaza
- Appealing architecture
- Historical Old Town Plaza
- Retail/office areas: 634-1,300sf
- Across from St. Felipe De Neri Church (330+ years old - listed on the National Register of Historic Places)

Architectural Ambiance:
- Corbels/oversized large timbers with tongue and groove ceiling
- Brick and wood floors throughout
- Adobe exposed wall
- 4 units with fireplaces
- Lower level units with thick walls (adobe and torreon - evidence of historical significance)

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Downtown
Tax ID/APN: 101305811935121304
Zoning: MX-T - Mixed-use: Transition
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Visibility: Excellent
Largest Nearby Street: Rio Grande Blvd
Traffic/Vehicle Count: 26,200
Property Condition: Good
Roof Type: Flat
Construction/Siding: Stucco
Parking Type: Surface
Parking Description: Street Parking

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,804 122,652 288,543
Median Age: 37.94 34.65 33.89
Households: 5,668 48,798 112,188
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS┬« New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.