7226 Central Ave - Storefront FOR SALE


Albuquerque, NM 87108- Trumbull Village
$1,550,000 USD
505-346-6006
7226 Central Ave, Albuquerque, NM for Sale
$1,550,000 USD
Storefront - FOR SALE
1/14
null | 8.25% Cap Rate

7226 Central Ave
Albuquerque, NM 87108
Trumbull Village


HIGHLIGHTS

  • Recently Remodeled with New TPO Roof & Parking Lot in 2018
  • Oversized Parcel with Room to Expand +/-1.8 acres
  • Abundant Parking
  • 90% Leased with Value Add Opportunity.
  • Cell Tower Ground Lease in Due Diligence
  • Full Turn Access

OVERVIEW

Central Plaza is a high-profile shopping center located on Central Ave near Louisiana Blvd. in Albuquerque, NM. The property has an excellent tenant mix including anchor tenant Terry’s Mini Mart, Central Laundry, and Michoacán Heladeria (ice cream and snack shop). The center offers great visibility from the street along with excellent monument signage visible to both east and west bound traffic. Located in a dense urban neighborhood, the location is ideal for an investor to acquire a well maintained and updated retail building in the Albuquerque area. Located in close proximity to many amenities and just 1 mile from I-40, the property offers a stabilized investment with rent growth and upside potential. In 2017 – 2018 the property underwent significant upgrades including a new TPO roof, New Parking lot, LED lighting and new HVAC units for most units. A cell tower operator is presently in their due diligence period of their lease and obtaining permits to install a cell tower at the SWC of the Property. Central Plaza is a high-profile shopping center located on Central Ave near Louisiana Blvd. in Albuquerque, NM. The property has an excellent tenant mix including anchor tenant Terry’s Mini Mart, Central Laundry, and Michoacán Heladeria (ice cream and snack shop). The center offers great visibility from the street along with excellent monument signage visible to both east and west bound traffic. Located in a dense urban neighborhood, the location is ideal for an investor to acquire a well maintained and updated retail building in the Albuquerque area. Located in close proximity to many amenities and just 1 mile from I-40, the property offers a stabilized investment with rent growth and upside potential. In 2017 – 2018 the property underwent significant upgrades including a new TPO roof, New Parking lot, LED lighting and new HVAC units for most units. A cell tower operator is presently in their due diligence period of their lease and obtaining permits to install a cell tower at the SWC of the Property.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$110 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Central Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

MX-M

APN/PARCEL ID

1-019-057-097086-3-02-22

ASK ABOUT THIS PROPERTY

Alfredo BarrenecheaAbsolute Investment RealtyMore Info
505-346-6006

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Alfredo BarrenecheaAbsolute Investment RealtyMore Info
505-346-6006

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