Freestanding Retail/Office Strip

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30798430
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Status: Pending
Building Size (RSF): 5,491 SF
Gross Building Area: See Agent
Gross Land Area: 0.49 Acres
Sale Price: $715,000
Unit Price: $130.21 PSF
Has Drive-Thru? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/6/2022

Overview / Comments

PROPERTY OVERVIEW
4201-4207 Lomas is a freestanding retail/office building that has been used for the last decade by a single business to grow their online retail store and have expanded to a new facility. The property is now available for a new owner, either another business that could utilize some or all of the building for their own use or a value-add investor that is looking to improve the building and lease to multiple tenants. The building has been opened up to all be used as one space but can easily be returned to four separate suites if the new owner desires. It features a car port with drive-thru potential on the east end of the building, a fenced yard to the rear of the building and an 8’x8’ roll-up door that leads to a dock-high platform on suite 4201. Ceiling heights are 8’-10’ throughout and are ready for tenant’s build-out depending on the need.

LOCATION OVERVIEW
The University submarket has undergone some big changes over the past couple of years with both local and national retail investment. Starbucks constructed a new location directly to the east of this building at the corner of Lomas and Washington and High and Dry Brewing opened their doors to the SE on Adams St, both bringing more customers to this specific area. This building sits right up on Lomas Blvd with exposure to over 19,000 cars per day with excellent monument and building signage. Access is great with left in/left out from the west end of the property where parking is currently located outside of the fenced area.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: University
Tax ID/APN: 101705819501430302
Zoning: MX-M - Mixed-use: Moderate Intensity
Property Visibility: Excellent
Feet of Frontage: 150
Traffic/Vehicle Count: 19,158
Tenancy: Multiple Tenants
Property Condition: Average
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central, Ceiling Units
Air Conditioning: Evaporative Cooler

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,316 143,965 301,939
Median Age: 40.48 35.7 37.57
Households: 10,350 63,340 132,198

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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