9500 Montgomery BlvdAlbuquerque, NM 87111

Property Details for 9500 Montgomery Blvd

Year built

1978

Lot size

12.87 AC

Property size (Sq ft)

137,189 SF

Property type

Community centers

APN

1-020-060-470-478-1-21-05

APU

102006047047812105

Description

Sierra Vista Shopping Center presents a unique leasing opportunity in Bernalillo County, New Mexico. This established shopping center offers a total of 27,386 square feet of retail space, currently 100% vacant and available for lease. The property is ideally suited for multiple tenants, with spaces ranging from a minimum of 1,356 square feet to a maximum contiguous space of 16,000 square feet. This flexibility allows for a variety of retail concepts and business sizes. The center boasts excellent access from both Eubank and Montgomery, ensuring high visibility and convenient access for customers. Ample parking is available, providing a comfortable shopping experience. Strategically located in a densely populated residential area, this shopping center benefits from a strong customer base and significant foot traffic potential. The property's prime location and versatile space make it an attractive investment for businesses seeking to establish or expand their presence in a thriving community. This is an exceptional opportunity to secure a prominent retail location in a high-traffic area with excellent visibility and ample parking. The entire 27,386 square feet is available for lease, offering a blank canvas for a visionary entrepreneur or a multi-tenant retail development. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $28,883,478

  6.5%

  $26,661,672

  7%

  $24,757,268

• Comparable approach

  Method

  Valuation

  Relative Method

  $29,441,076

  Geo Method

  $28,563,080

• Alternative Use

  Use

  Valuation

  Residential

  $22,490,118

  Hospitality

  $20,600,828

  Educational

  $17,139,646

  Medical

  $17,729,106

  Retail

  $26,661,672

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.1295

Longitude

-106.535

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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