Rare NE Heights Retail Pad

Retail-Commercial for Sale
Also listed as Vacant Land
Catylist Listing ID: 30515452
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Other
Building Size (RSF): 2,424 SF
Gross Building Area: See Agent
Gross Land Area: 0.83 Acres
Sale Price: $995,000
Unit Price: $410.48 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 12/6/2019

Overview / Comments

This rare NE Heights retail pad has come on the market at a time when few opportunities currently exist. The NE Heights overall features just 11% vacancy; one of the lowest in the city. Finding pad sites for new retail development is even more difficult with a mature market and having to assemble multiple parcels in order to accumulate the desired size for the majority of retailers. 4201 Montgomery is a former bank building that sits on 0.83 acres and is zoned MX-L. Owner has the ability to deliver with a variance to allow for Drive-Thru pending city approval. With the option to purchase, lease, ground lease or build-to-suit this site, the options are open for national and local retailers to take advantage of this exclusive opportunity in a desirable submarket.

The property is located in the SWQ Wyoming Blvd and Montgomery Blvd, directly south of the La Mirada Shopping Center. This far NE Heights site features over 36,000 cars per day on Wyoming and joins a dense retail corridor as it approaches the Montgomery intersection. The Far NE Heights has seen little new construction and decreasing vacancy over the past few quarters, making opportunities like this more and more valuable near the high trafficked Montgomery/Wyoming intersection.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Far Northeast
Tax ID/APN: 101906051439910915
Zoning: MX-L - Mixed-use: Low Intensity
Feet of Frontage: 197
Traffic/Vehicle Count: 35,500
Tenancy: Single Tenant

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,988 169,145 325,783
Median Age: 40.87 41.34 38.96
Households: 7,046 76,678 143,644

Contact

Photograph of Listing Agent

Austin Tidwell

Retail Solutions CARNM CIE Member
Photograph of Listing Agent

Daniel Kearney

Retail Solutions CARNM CIE Member
Photograph of Listing Agent

Robert Powell, CCIM

Retail Solutions CARNM CIE Member
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