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: |
3/1/2021 |
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.
|
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 |
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 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Commercial Association of REALTORS® - New Mexico nor
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