1415 Eubank BlvdAlbuquerque, NM 87112

Property Details for 1415 Eubank Blvd

Lot size

2.02 AC

Property size (Sq ft)

29,453 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

Eubank Plaza, located at 1415 Eubank Blvd NE, Albuquerque, NM 87112, presents a compelling investment opportunity. This well-established 29,453 square foot shopping center sits on a 2.02-acre lot and features 19 units, currently leased under NNN terms. The property boasts a desirable location in Albuquerque's Northeast Heights, benefiting from high traffic volume—35,000 vehicles per day on the Wyoming Blvd going-home side. Three convenient access points on Wyoming Blvd ensure excellent visibility and accessibility for customers. Ample customer parking is available. The center is zoned MX-L, and its current tenants include several long-term occupants, many with over 20 years of operation. The asking price is $3,850,000, translating to $130 per square foot. Below-market rents offer significant potential for rental increases and enhanced cash flow, making this a strong value-add proposition. Monument signage is available, providing excellent branding opportunities for tenants. This established center offers a stable income stream with considerable upside potential in a high-demand location.

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0955

Longitude

-106.533

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