Retail•Retail Pad•For Sale or Lease

Rare NE Heights Retail Pad

4201 Wyoming Blvd NE, Albuquerque, New Mexico 87109

Sale Price $995,000
Lease Rate $1.99 /SqFt NNN
Sale Type Development
Zoning MX-L
Bldg Type Single Tenant
Gross Bldg 2,424 SqFt
Total Avail 36,154 SqFt
Avail 36,154 to 0 SqFt
Land Area .83 Acres
Market New Mexico
Sub-Market Far NE Heights
This rare NE Heights retail pad has come on the market at a time when few opportunities currently exist. The NE Heights overall features just 11% vacancy; one of the lowest in the city. Finding pad sites for new retail development is even more difficult with a mature market and having to assemble multiple parcels in order to accumulate the desired size for the majority of retailers. 4201 Montgomery is a former bank building that sits on 0.83 acres and is zoned MX-L. Owner has the ability to deliver with a variance to allow for Drive-Thru pending city approval. With the option to purchase, lease, ground lease or build-to-suit this site, the options are open for national and local retailers to take advantage of this exclusive opportunity in a desirable submarket. The property is located in the SWQ Wyoming Blvd and Montgomery Blvd, directly south of the La Mirada Shopping Center. This far NE Heights site features over 36,000 cars per day on Wyoming and joins a dense retail corridor as it approaches the Montgomery intersection. The Far NE Heights has seen little new construction and decreasing vacancy over the past few quarters, making opportunities like this more and more valuable near the high trafficked Montgomery/Wyoming intersection.
  • Premier Retail Pad in Desirable Far NE Heights Submarket
  • Fee Simple Pad Site for Sale, Ground Lease or Build-to-Suit
  • High Traffic Counts with over 35,000 Cars per Day
  • Multiple Access Points with Full Access on Wyoming Blvd
  • Former Bank of Albuquerque, Complete with Vault and Drive-Thru
  • Near La Mirada Shopping Center Awaiting Redevelopment

1 Spaces

Retail Pad
36,154 SqFt
$1.99 NNN
10/14/2019 7:04:46 PM 1/20/2020 6:22:34 PM
Austin Tidwell
Assistant Vice President
Retail Solutions
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