505-702-1379
4800 Lomas Blvd NE, Albuquerque, NM for Sale
Freestanding - FOR SALE
1/10
null | Request Cap Rate

4800 Lomas Blvd NE
Albuquerque, NM 87108
Nob Hill


HIGHLIGHTS

  • Existing freestanding church building servicing Nob Hill
  • Creative ownership with options to purchase or lease
  • Opportunity for turn-key church or an adaptive retail reuse
  • Strong traffic counts with area anchor tenants Sprouts, Ace Hardware & True Value
  • Current layout includes large sanctuary, two stages for youth groups, full kitchen and numerous classrooms and offices
  • Great street presence with over 20,000 cars per day and monument sign at lighted intersection

OVERVIEW

4800 Lomas as it exists today is a freestanding church building located in Nob Hill at the signalized intersection of Lomas Blvd and Monroe St. The building can very easily be used again by a new church, featuring a large sanctuary, multiple youth and children rooms and overall a great layout for a church; but also has the opportunity for a new use altogether. This building was originally constructed as a Furr's grocery store, servicing the surrounding neighborhoods and has the ability to be reimagined once again. With MX-M zoning, this opens up the redevelopment opportunities like mixed-use, multi-family, large format retail, drive-thru, car was, banks, and more. Big things are happening in the supermarket surrounding 4800 Lomas. The intersection of San Mateo and Lomas is anchored by Sprouts, True Value, and Ace Hardware, which brings steady traffic to the area. Construction is completed on the new Whole Foods and American Home at Carlisle and Indian School, and with it, new projects underway where each vacated in the same submarket. Most notable for this area is the redevelopment of the former Bank of the West towers at San Mateo and Central into mixed-used apartments, slated in 2025/26. This area north of Nob Hill continues to be a huge draw area for the University of New Mexico and many of the surrounding neighborhoods as part of this walkable/urban core of the city.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Nob Hill Church/Retail Development

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

SPRINKLERS

-

PARKING SPACES

67

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

MX-M

APN/PARCEL ID

1-017-057-386510-1-25-12

ASK ABOUT THIS PROPERTY

Austin TidwellRESOLUT REMore Info
505-702-1379

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Austin TidwellRESOLUT REMore Info
505-702-1379

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