For Sale
$299,000

1945 Rt. 66Edgewood, NM 87015

Edgewood, NM Retail Center - Owner/User Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
116
This 7,304 square foot shopping center presents a compelling investment opportunity for owner-occupants or value-add investors. Located in Edgewood, New Mexico, on the historic Route 66, this property boasts high visibility due to its prime location. The center comprises five units situated on a 1.014-acre lot (APN 99304844) and is zoned C-2 Commercial. Its strategic placement near Smith's Grocery, the city's economic hub, and adjacent to other retail tenants ensures consistent traffic and exposure. Further enhancing its appeal, the property benefits from its proximity to Interstate 40 (1/4 mile) and is only 30 minutes from Albuquerque. The asking price is $299,000, translating to $40.94 per square foot. This well-positioned shopping center offers significant potential for growth and return on investment. The property is currently for sale by owner. This is a rare opportunity to acquire a thriving retail center in a high-traffic area.

Highlights

  • Historic Route 66 location.
  • Conveniently located 30 minutes from Albuquerque.
  • Excellent highway access, 1/4 mile from I-40.

Property Details for 1945 Rt. 66

Property type
Lifestyle centers, Power centers
Square Feet
7,304 SF
Lot Size (sq. ft)
44,170 SF
Units
5

Location Insight

City
Edgewood
County
Santa Fe
State
New Mexico
Latitude
35.060144101193
Longitude
-106.18894152681
1945 Rt. 66, Edgewood, New Mexico

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1945 Rt. 66
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