Catylist ID:
#30294612
| Catylist Listing ID: | 30294612 |
| Property Subtypes: | Mixed Use, Post Office, Street Retail |
| Building Size (RSF): | 32,552 SF |
| Gross Land Area: | 0.86 Acres |
| Sale Price: | $5,445,447 |
| Unit Price: | $167.28 PSF |
| Property Use Type: | Investment |
| Building Name: | Plaza Don Luis |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 8.0% |
| Average Occupancy Rate: | 76 |
| Last Updated: | 3/2/2020 |
Overview / Comments
|
Plaza Don Luis is a specialty retail center consisting of approximately 32,552 total square feet of leasable space, and comprised of four historic buildings (constructed circa 1900) and a ±22,000 SF two-story, multi-tenant building that was constructed in 1993-1994. Included in the offering is the only public restroom facility in Old Town, which is leased to the City of Albuquerque and has become a magnet for foot traffic through the center. |
Attachments & Media
Additional Details
| Nearest MSA: | Albuquerque |
| County: | Bernalillo |
| Submarket/Township: | Downtown |
| Taxing Authority: | Bernalillo County |
| Tax ID/APN: | ABQ115638 |
| Zoning: | MX-T - Mixed-use: Transition |
| Retail Clientele: | General, Family, Business, Tourist |
| Property Located Between: | Old Town Plaza |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Rio Grande Blvd & Romero St |
| Highway Access: | Easy access via Rio Grande Blvd to Interstate 40. |
| Tenancy: | Multiple Tenants |
| Number of Stories: | 2 |
| Property Condition: | Good |
| Construction/Siding: | Stucco |
| Total Parking Spaces: | 8 |
| Parking Type: | Surface |
| Passenger Elevators: | 1 |
| Sprinklers: | None |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | Tracts 185A, 185B, 186, 188, Map 38, Sec 18, R3E |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 11,804 | 122,652 | 286,611 |
| Median Age: | 37.94 | 34.65 | 33.85 |
| Households: | 5,668 | 48,798 | 111,320 |
Contact
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