Freestanding Northeast Heights Retail w/ Drive Thru

Shopping Center for Sale
Sale Pending
Also listed as Office
Catylist Listing ID: 30540170
Property Subtypes: Free-Standing Store, Neighborhood Center, Net Leased
Status: Pending
Building Size (RSF): 3,750 SF
Gross Building Area: See Agent
Sale Price: See Agent
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/15/2020

Overview / Comments

This rare freestanding Northeast Heights property is ideal for various uses including a bank, office or can be easily subdivided for a multi-tenant redevelopment. The building has excellent curb appeal, visibility, abundant parking and an entitled drive-thru.

Settled in this parklike setting, the property is currently built out as a restaurant space with an existing patio. The property is well suited for brewery, restaurant or fast food establishment to meet the needs in this highly populated trade area.

Owner can build-to-suit up to 9,000 SF. Located at Eubank and Spain with a combined 37,400 VPD. Strong Demographics, dense population and high average household income.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Far Northeast
Tax ID/APN: ABQ55251
Zoning: PD - Planned Development
Property Visibility: Excellent
Site Description: Located in Albuquerque's Far Northeast Heights, the Promenade Shopping Center is well positioned in this densely populated trade area with high average household incomes. The property has excellent visibility with combined traffic counts of over 37,400 VPD. Located to the south of the lit intersection at Eubank Blvd, NE and Spain Rd, this easily recognizable, easily accessible shopping center includes co-tenancy such as True Value Hardware, H&R Block, Eye Associates of New Mexico, Casa Bella Interiors, The Barley Room, All World Travel, House of Soccer, Annapurna Restaurant and many more.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,519 150,737 291,089
Median Age: 42.34 42.29 39.67
Households: 11,901 68,158 127,753


Photograph of Listing Agent

Jeremy D Nelson

Absolute Investment Realty
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