Rare Drive Through Approved Downtown Pad Site - for Ground Lease

Retail-Commercial for Lease
Catylist Listing ID: 30098465
Property Subtypes: Mixed Use, Street Retail
Building Status: Proposed
Contiguous Space: 13,294 - 26,589 SF
Gross Building Area: See Agent
Gross Land Area: 0.61 Acres
Lease Rate: $110,000 (Annual)
$4.14 PSF (Annual)
Base Monthly Rent: $9,166
Lease Types: Ground Lease
Last Updated: 10/23/2018

Overview / Comments

Lease rate depends on delivery. Please see broker for details

This site is a rare opportunity to have your business located adjacent to the busy Albuquerque court-house complex and features very rare drive-through approved zoning.

The property is presently operated as a pay by the hour parking lot and can be redeveloped for a multitude of uses. Depending on the final site design, the property could support one or two tenants with or without drive through windows.

Attachments & Media

Expand All Available Space

Suite: 1 26,589 SF $110,000 (Annual) Ground Lease
Space Available: 26,589 SF
Minimum Divisible: 13,294 SF
Lease Rate: $110,000 (Annual)
$8.27 PSF (Annual)
$9,166 (Monthly)
Lease Type: Ground Lease
Date Available: 5/19/2017
Space Type: New

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Downtown
Retail Clientele: General, Business
Property Visibility: Excellent
Site Description: The site is across the street from the Bernalillo County Metropolitan Court parking structure and the US District Court. It features excellent access from both Marble Ave. and 4th St., which runs the length of the city, crossing through downtown and I40. Nearby national tenants include Starbucks, Subway, Carls’ Jr., McDonalds, and Pizza Hut.
Area Description: The property is located at the intersection of 4th Street and Marble Ave. in the heart of Albuquerque’s busy down-town, the hub of city. In addition to the court houses, the property serves the convention center and a myriad of other government facilities including the primary Bernalillo County and City of Albuquerque government offices, and City of Albuquerque police department. The property is also near multiple local bank headquarters, such as Wells Fargo Bank, and BBVA Compass and major hotels such as the Double Tree and Hyatt.
Tenancy: Multiple Tenants
Zoning Description: MX-M

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,135 116,580 315,546
Median Age: 34.99 35.77 35.12
Households: 6,901 49,103 128,440


Photograph of Listing Agent

Alfredo Barrenechea

Absolute Investment Realty CARNM CIE Member
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