Catylist ID:
#30798430
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 |
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
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