5600 Central AveAlbuquerque, NM 87108

Property Details for 5600 Central Ave

Year built

1988

Lot size

1.96 AC

Property size (Sq ft)

22,176 SF

Property type

Auto shops

APN

1-018-057-076-148-3-15-24

APU

101805707614831524

Description

This exceptional 12,800-square-foot retail building, situated on 1.98 acres of land in Albuquerque, New Mexico, presents a unique leasing opportunity. Located at 5600 Central Ave SE, zip code 87108, this mixed-use property boasts a prime location fronting Route 66 (Central Avenue SE), experiencing high traffic volume with 20,100 cars passing daily. The building features two suites, currently entirely vacant, and is zoned MX-M. The minimum leasable space is the entire 12,800 square feet. A prominent pylon sign ensures excellent visibility, and ample parking is available for customers and employees. The property benefits from easy access to the Albuquerque Rapid Transit (ART) system, enhancing accessibility. Furthermore, this location is within a thriving retail trade area and is conveniently situated near a newly developed multifamily residential complex within a one-mile radius. The property is cannabis-friendly. Note that this listing pertains only to the retail portion of the building

• CAP approach

  CAP return

  Valuation

  6%

  $4,710,926

  6.5%

  $4,348,546

  7%

  $4,037,936

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,815,310

  Geo Method

  $4,617,096

• Alternative Use

  Use

  Valuation

  Residential

  $3,668,162

  Hospitality

  $3,360,016

  Educational

  $2,795,494

  Medical

  $2,891,636

  Retail

  $4,348,546

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.077

Longitude

-106.584

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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