4000 Central Ave Albuquerque, NM 87105
High-yield storefront, 9,868 SF, 8.5% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 133
Highlights
- 9,868-square-foot retail storefront on a 1.01-acre lot in Albuquerque, NM.
- Highly desirable MX-M zoning.
- 100% leased, generating a pro-forma NOI of $225,720 and an 8.52% pro-forma cap rate.
- Hard corner location with excellent visibility and 48 parking spaces.
- Long-term tenants with staggered lease expirations extending into 2029.
- Located in a strong trade area with average household income exceeding $80,253 within a five-mile radius.
Property Details for 4000 Central Ave
- Property type
- Retail properties, Retail space
- Square Feet
- 9,868 SF
- Lot Size (sq. ft)
- 43,996 SF
Location Insight
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Latitude
- 35.0859998
- Longitude
- -106.684123
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield storefront, 9,868 SF, 8.5% Cap Rate
- Where is the retail property located?
- The property is located at 4000 Central Ave Albuquerque, NM.
- What is the asking price?
- The asking price for this property is $2,650,000.
- What are key features of this property?
- This property features: 9,868-square-foot retail storefront on a 1.01-acre lot in Albuquerque, NM.; Highly desirable MX-M zoning.; 100% leased, generating a pro-forma NOI of $225,720 and an 8.52% pro-forma cap rate.
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