10701 Montgomery Blvd Albuquerque, NM 87111

This exceptional 17,211 square foot shopping center, located at 10701 Montgomery Blvd NE in Albuquerque, New Mexico, presents a compelling investment opportunity. Built in 1980, the Class B property boasts a desirable location in the Far Northeast Heights, benefiting from high visibility along Montgomery Boulevard and significant daily traffic volume (33,400 vehicles). The property features two contiguous suites, providing flexibility for both investors and owner-users. Ample parking is available with 119 spaces. Currently operating under a NNN lease structure with multiple tenants, the property offers a pro-forma NOI of $240,656 and a pro-forma cap rate of 9.25%. The asking price is $2,601,082, representing a significant discount at 50% of replacement cost, with current rental rates below market value. The 2.23-acre lot is zoned NR-C, and the property offers excellent signage opportunities, including building and monument signage. This is a rare chance to acquire a well-located, income-producing retail asset in a thriving Albuquerque neighborhood. The property's strong fundamentals and below-market pricing make it an attractive investment for discerning buyers. The property's size and configuration make it suitable for a variety of uses and potential future development.