Investment/Redevelopment Opportunity in North Valley

Retail-Commercial for Sale
Sale Pending
Also listed as Shopping Center, Business Opportunity
Catylist Listing ID: 30216401
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub
Status: Pending
Building Size (RSF): 82,294 SF
Gross Land Area: 6.18 Acres
Sale Price: See Agent
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 9/18/2019

Overview / Comments

This property is located on 4th Street in the North Valley trade area of Albuquerque. 4th street is one of the cities primary retail corridors serving the entire North Valley and running the north-south length of the city. Montano Blvd. is one of Albuquerque's most important commuter corridors linking the west and east sides of the city.

The North Valley trade area represents a diverse cross section of the Albuquerque population and covers a large portion of the land area of the city. Despite its large size and population, the trade area consists primarily of housing and is lacking in commercial services, creating opportunity for the tenant of this property.

Excellent Demographics and Incomes
Located in a high barrier to entry area
Existing NOI plus upside and Redevelopment potential
Multiple Full Turn Access Points
Monument Signage
Existing Liquor Sales permissible
Liquor License can be included in sale.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North Valley
Tax ID/APN: 87359
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,297 81,626 299,338
Median Age: 42.67 38.17 37.2
Households: 3,848 34,019 126,945


Photograph of Listing Agent

Jeremy D Nelson

Absolute Investment Realty
Photograph of Listing Agent

Chris Sioss

Absolute Investment Realty
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