For Lease
$10/SF/YR

5201 Central Ave Albuquerque, NM 87108

14,204 SF Freestanding Retail Building

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 14,204-square-foot freestanding retail building is situated on a 1.78-acre lot in Albuquerque's vibrant Downtown submarket at 5201 Central Ave NE. The single-story building boasts a highly desirable drive-thru configuration, a rare find along Central Avenue. Its location on a signalized hard corner at two major thoroughfares ensures superior visibility and accessibility, with multiple full access points for optimal customer convenience. The property benefits from excellent exposure, with traffic counts exceeding 40,200 vehicles per day, guaranteeing high visibility for any business. Its proximity to the Louisiana Albuquerque Rapid Transit (ART) stop provides convenient public transportation access. Currently fully vacant, this property presents a unique opportunity for a variety of retail uses. The zoning is MX-M. The building is in excellent condition. A sublease with Walgreens is in place, expiring January 15, 2033. This prime location and substantial square footage make this an unparalleled investment opportunity in the heart of Albuquerque.

Highlights

  • 14,204 SF freestanding retail building on a 1.78-acre lot in Albuquerque's Downtown submarket.
  • Highly desirable drive-thru configuration on a signalized hard corner with excellent visibility and accessibility.
  • Over 40,200 vehicles per day pass the property, ensuring high traffic counts.
  • Conveniently located near the Louisiana Albuquerque Rapid Transit (ART) stop.
  • Currently vacant, offering a unique opportunity for various retail uses; MX-M zoning.
  • Excellent condition; sublease with Walgreens until January 15, 2033.

Property Details for 5201 Central Ave

Property type
Retail properties, Freestanding property
RSF (Rentable sq. ft)
14,204 SF
Buildings
1
Stories
1

Unit(s) available at that property

Space
Size
14,204 SF
Rate per SF
$10

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.078412697628
Longitude
-106.58633054605

FAQs

What type of property is this?
Retail property - 14,204 SF Freestanding Retail Building
Where is the retail property located?
The property is located at 5201 Central Ave Albuquerque, NM.
What is the lease rate?
The lease rate is $10/SF/YR.
What are key features of this property?
This property features: 14,204 SF freestanding retail building on a 1.78-acre lot in Albuquerque's Downtown submarket.; Highly desirable drive-thru configuration on a signalized hard corner with excellent visibility and accessibility.; Over 40,200 vehicles per day pass the property, ensuring high traffic counts.
How can I contact the broker?
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5201 Central Ave
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