High Traffic Retail/Automotive

Vacant Land for Sale
Sale Pending
Also listed as Industrial
Catylist Listing ID: 30459651
Property Subtypes: Industrial, Retail, Retail-Pad
Status: Pending
Gross Land Area: 0.51 Acres
Sale Price: $750,000
Unit Price: $1,470,588 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/8/2021

Overview / Comments

6201 Montgomery is a fee simple hard corner retail pad located in the Far NE Heights submarket. Opportunities like this do not come available very often. Operated for decades as a tire shop, this high traffic intersection featuring over 47,000 cars per day can now be redeveloped for a retail use or repurposed as an automotive shop. Existing property consists of 9 car bays, yard space, car lifts, sales office and indoor storage.

The property is located at the NEC of Montgomery & San Pedro. This signalized hard corner features a large monument sign on the corner and 3 access points. The intersection showcases 47,000 cars per day and is surrounded by retail activity and residential homes. The Far Northeast submarket has shown strong retail activity over the last few quarters and represents a low 11% retail vacancy.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Far Northeast
Tax ID/APN: 101806126402340101
Zoning: MX-L - Mixed-use: Low Intensity
Property Visibility: Excellent
Traffic/Vehicle Count: 47,000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,388 142,991 357,370
Median Age: 37.22 40.1 38.52
Households: 10,324 64,813 156,877

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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