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5505-5511 Central Ave NW

16,764 SF 100% Leased Retail Building Albuquerque, NM 87105 $1,500,000 ($89/SF) 5.16% Cap Rate

Retail Buildings New Mexico Albuquerque 5505-5511 Central Ave NW, Albuquerque, NM 87105

Investment Highlights

  • Zoned MX-M for retail/strip center development
  • Good location for establishing a retail presence in Albuquerque
  • Conveniently located near many amenities
  • Ample space for retail storefronts
  • Versatile layouts catering to a range of retail uses

Executive Summary

Discover a good investment opportunity in Albuquerque with these three buildings totaling 16,764 SF, strategically zoned MX-M for retail and strip center investors. Built in 1960, this property offers a promising location with strong potential for a thriving commercial real estate market.

Attachments

Plaza West Brochure

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,764 SF
Building Class
C
Year Built
1980
Price
$1,500,000
Price Per SF
$89
Cap Rate
5.16%
NOI
$77,400
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Land Acres
1.11 AC
Zoning
MX-M
Parking
20 Spaces (1.19 Spaces per 1,000 SF Leased)
Frontage
97 FT on Central Ave

Amenities

  • Pylon Sign
1 of 1

PROPERTY TAXES

Parcel Number 1-011-057-285563-1-09-02 Improvements Assessment $101,324
Land Assessment $61,034 Total Assessment $162,358

PROPERTY TAXES

Parcel Number
1-011-057-285563-1-09-02
Land Assessment
$61,034
Improvements Assessment
$101,324
Total Assessment
$162,358
(505) 256-7573

  • Listing ID: 32173518

  • Date on Market: 6/18/2024

  • Last Updated:

  • Address: 5505-5511 Central Ave NW, Albuquerque, NM 87105

More public record information on 5505-5511 Central Ave NW, Albuquerque, NM 87105

The Retail Property at 5505-5511 Central Ave NW, Albuquerque, NM 87105 is currently available For Sale. Contact SVN / Walt Arnold Commercial Brokerage, Inc. for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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5505-5511 Central Ave NW
(505) 256-7573 x

5505-5511 Central Ave NW

1/2

Walt Arnold

(505) 256-7573

(505) 256-7573

Kelly Schmidt

(505) 503-2643

(505) 503-2643

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