Plaza Don Luis

Retail-Commercial for Sale
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: 11/24/2020

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.

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

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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


Photograph of Listing Agent

John R Ransom

Colliers International CARNM CIE Member
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