For Sale
$4,500,000

110 Juan Tabo BlvdAlbuquerque, NM 87123

Albuquerque Retail Center - High Growth Potential

Overview

Added:
Dec 11, 2024
Days on market:
117
Franklin Plaza, a prime Albuquerque retail investment opportunity, is offered at $4,500,000. This exceptional 99,315 square foot shopping center sits on a rare 10.837-acre infill site in the desirable Southeast Heights, boasting a highly visible location at the hard corner of Juan Tabo Boulevard and Central Avenue. The property comprises three single-story buildings, zoned MX-H, providing significant flexibility for future development and expansion. Currently generating a Net Operating Income (NOI) of $74,417, Franklin Plaza presents a compelling return on investment. Its strategic location within a densely populated residential area ensures consistent foot traffic and strong tenant demand. The expansive lot size offers substantial potential for redevelopment or expansion of existing structures, catering to a wide range of retail concepts. The existing tenant, Wienerschnitzel, contributes to the property's current income stream. This is a unique opportunity to acquire a well-positioned retail center with significant upside potential in a thriving Albuquerque market. The property's address is 110 Juan Tabo Blvd NE, Albuquerque, NM 87123. Serious inquiries only.

Highlights

  • 10.8-acre infill site in Albuquerque's Southeast Heights.
  • Hard corner location at Juan Tabo Blvd and Central Ave.
  • Densely populated residential area.
  • High development potential.
  • Excellent redevelopment opportunity.
  • Includes existing Wienerschnitzel restaurant.

Property Details for 110 Juan Tabo Blvd

Property type
Lifestyle centers, Power centers
Square Feet
99,315 SF
Buildings
3
Stories
1
Lot Size (sq. ft)
472,060 SF

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.070616198701
Longitude
-106.51430263627
110 Juan Tabo Blvd, Albuquerque, New Mexico

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110 Juan Tabo Blvd
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