San Mateo Signalized Hard Corner

Retail-Commercial for Sale
Catylist Listing ID: 30593550
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail
Building Size (RSF): 1,800 SF
Gross Building Area: See Agent
Gross Land Area: 17,945 SF
Sale Price: $699,000
Unit Price: $388.33 PSF
Is Quick-Service Restaurant? Yes
Has Drive-Thru? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: 2930 San Mateo Blvd NE
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 9/18/2020

Overview / Comments

• 1,800 SF Building on 0.412 AC+/- (17,945 SF+/-) @ Strong Hard Corner
• Well Positioned Along One of Busiest Commercial Corridors in City
• Flexible MX-M Zoning Allows for Drive-Thrus & Variety of Retail Use
• Phenomenal Traffic w/ Over 50,000 Cars/Day @ Signaled Intersection
• One of the Most Densely Populated Trades Areas in All of Metro ABQ
• Currently Four (4) Access Points to/from San Mateo & Candelaria
• Site Lays Out Well for Redevelopment into a Variety of Retail and Quasi-Retail Uses (ie Bank, Fast Food, Mobile Phone)
• Site Could Also Continue to be Used as C-Store, Auto Sales Lot, Auto Repair and Emissions Site with Gas Infrastructure in Place

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Northeast
Tax ID/APN: 101805901151821315
Zoning: MX-M - Mixed-use: Moderate Intensity
Retail Clientele: General
Property Located Between: San Mateo & Candelaria Rd
Property Visibility: Excellent
Largest Nearby Street: San Mateo Blvd
Feet of Frontage: 145
Traffic/Vehicle Count: 50,000
Site Description: High profile retail pad at a strong signalized intersection that has been utilized for decades as a convenience store/gas station operation with associated auto-related uses (ie emissions station and auto sales lot). Property has excellent access from both San Mateo & Candelaria and is prime for redevelopment or continued use for auto-related uses
Area Description: Property is located in the middle of one of the major commercial corridors (ie San Mateo Blvd) in the entire city. Also, property sits within a long established and densely populated trade area. Site lies over a 1 mile north of the San Mateo/I-40 interchange as well as approx 1 mile northwest of the Uptown sub-market, home to two regional malls and and the largest open-air center known as ABQ Uptown.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Fair
Year Built: 1970
Construction/Siding: Steel Frame

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,577 142,202 362,958
Median Age: 38.67 38.06 38.16
Households: 7,818 64,594 158,831

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