Retail/Commercial Land Near Central Eubank

Vacant Land for Sale
Catylist Listing ID: 30798703
Gross Land Area: 1.10 Acres
Sale Price: $775,000
Unit Price: $704,545 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/6/2022

Overview / Comments

PROPERTY OVERVIEW
This 1.1 acre land parcel is a fee simple opportunity for retail and commercial customers to find a development-ready site to join the great activity happening at Eubank and Central. The site was designed for a multi-tenant retail strip to share access with the new car wash but the owner has decided to offer it to a new buyer for their use. This area has seen some great improvement over the past couple of years and its best days are still ahead of it. The Luminaria Senior Center has opened and developed on a very blighted part of this corridor, now bringing density and investment to the area. Recent retailers to the area include Chick-fil-A, Valer Dental and Little Caesars, all of whom join Home Depot, Starbucks, Walgreens, Freddy’s & more. More development is on the horizon with the Golden Corral being sold to a new group, the State Land Office now making the land across from Luminaria available and Mod Wash announcing their location on Eubank east of Central.

LOCATION OVERVIEW
Central Ave & Eubank Blvd has been a very desirable corridor due to it being a
thoroughfare between the base and the NE Heights. This intersection is exposed to heavy traffic throughout the day, but concentrated at the start and end of the workday for a large portion of New Mexico’s workforce. Central to the east brings traffic from the Four Hills communities as well as commuters from the East Mountains. Although this submarket is seen as lower income and less desirable overall, it remains an important connector with our city and the major employment centers that will inevitably improve as the city continues to sprawl, increasing drive-times from work to home.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Southeast
Tax ID/APN: 102105614046820402

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,016 122,584 237,479
Median Age: 35.44 37.49 38.59
Households: 7,841 52,033 105,292

Contact

Photograph of Listing Agent

Austin Tidwell

RESOLUT RE CARNM CIE Member
Photograph of Listing Agent

Daniel Kearney

RESOLUT RE CARNM CIE Member
Photograph of Listing Agent

Robert Powell, CCIM

RESOLUT RE CARNM CIE Member
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