1619-1625 San Pedro Dr NE - Storefront FOR SALE


Albuquerque, NM 87110- Fair Heights
$550,000 USD
505-337-0777
1619-1625 San Pedro Dr NE, Albuquerque, NM for Sale
$550,000 USD
Storefront - FOR SALE
1/8
null | 6.7% Cap Rate

1619-1625 San Pedro Dr NE
Albuquerque, NM 87110
Fair Heights


HIGHLIGHTS

  • Fully leased retail asset with stable local tenants
  • Located near Albuquerque’s Uptown trade area
  • Strong visibility with 13,479 VPD on San Pedro Drive
  • Modified gross leases with upside for NNN conversion
  • Diverse tenant mix driving built-in foot traffic
  • Zoned MX-M with 100% occupancy and no vacancies

OVERVIEW

1619–1625 San Pedro Dr NE offers a stable, income-generating opportunity located just outside Albuquerque’s highly active Uptown trade area—home to the highest daytime population in New Mexico. This fully leased, 5,560 SF multi-tenant retail building features a diverse mix of local tenants, including a gym, dispensary, dog grooming salon, and tea shop—creating strong co-tenancy synergy and built-in foot traffic. The property fronts San Pedro Drive, which sees over 13,479 vehicles per day, providing excellent visibility. There are no current vacancies, and the nearest lease expiration is in 2027, with options to renew. All tenants are currently on modified gross leases, presenting future upside for an investor to convert to triple net (NNN) lease structures upon renewal or re-tenanting. Originally constructed in 1962, the building is made of beige brick masonry and features a combination of TPO and tar-and-gravel roofing. Each suite is equipped with a swamp cooler and radiant heating. Signage includes individual building signage for each unit and a shared pylon sign with four tenant panels. This is an ideal opportunity for investors seeking stable in-place income with long-term potential in one of Albuquerque’s most active retail corridors.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$99 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stable Local Tenant Retail Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

MX-M

APN/PARCEL ID

1-018-058-251240-3-38-06

ASK ABOUT THIS PROPERTY

Remsa TroyRESOLUT REMore Info
505-337-0777

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Remsa TroyRESOLUT REMore Info
505-337-0777

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.