Premier Cottonwood Retail Space

Retail-Commercial for Sale
Catylist Listing ID: 30602242
Property Subtypes: Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 10,000 SF
Gross Land Area: 1.87 Acres
Sale Price: $2,395,000
Unit Price: $239.50 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: YOUR NAME HERE
Usable Size (USF): 10,000 SF
Sale Terms: Undisclosed, Owner Financing
Cap Rate: Undisclosed
Last Updated: 9/16/2020

Overview / Comments

+/- 10,000 SF of Retail Space Ideally Located in Growing Cottonwood Submarket

• Zoned NR-BP: Ideal for Restaurant, Retail, Brew Pub & Medical
• Close proximity to the Coors Corridor & Cottonwood Mall Trade Area
• Approximately 8/1000 Parking
• 66,000 vehicles per day (VPD) on NM 528/Alameda Boulevard

*OWNER FINANCING AVAILABLE TO QUALIFIED PURCHASER*

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Cottonwood
Taxing Authority: Bernalillo County
Tax ID/APN: 101306653231010443
Zoning: NR-BP - Non-residential: Business Park
Retail Clientele: General, Business
Property Located Between: NM Highway 528
Property Visibility: Excellent
Largest Nearby Street: NM Highway 528
Traffic/Vehicle Count: 66,000
Highway Access: Ten Minute Drive to Interstate 25
Airports: Sunport International
Site Description: The site is level and enjoys grand views of the Sandia Mountains. Its unique location is elevated with the terrain which adds to the appeal. Property consists of one free standing building and ample parking on the north and west side.
Area Description: The property is well located in close proximity to the growing Cottonwood submarket. There are various retail uses within a one mile radius of the property which adds to the elevated traffic counts in the area. Frontage of NM Highway 528 makes this an attractive location as it is the lead arterial into Rio Rancho.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 10,000 SF
Property Condition: Excellent
Year Built: 2006
Roof Type: Flat
Construction/Siding: Stucco
Parking Ratio: 81 (per 1000 SF)
Parking Type: Surface
Parking Description: Ample parking on two sides of the main building
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, DSL
Interior Description: Property is built out well with upgraded finishes. Bathrooms are ADA compliant. Kitchen is well built out with heavy capacity. Separate bar area is inviting. Ample patio surface that abounds wonderful views of the Sandia Mountains. Patio gazebo adds to appeal for outdoor enjoyment.
Zoning Description: The zoning allows is ideal for restaurant type uses, retail uses, brew pub possibilities as well as medical uses.
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities
Land Ownership: fee simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,330 82,090 182,124
Median Age: 35.03 40.07 38.29
Households: 4,838 32,750 71,480

Contact

Photograph of Listing Agent

Joe R. Romero, CCIM

Colliers International CARNM CIE Member
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