Downtown Retail & Restaurant
For Lease
Contact for pricing
1 Central Ave NW, Albuquerque, NM 87102
Prime retail and restaurant spaces available in downtown Albuquerque.
Space Size1,600 SF - 9,229 SF
Days on Market1729
Property Features for 1 Central Ave NW
General Information
Standard status
Active
Size
1,600 SF - 9,229 SF
Class
A
Property subtype
Retail
Lease Type
NNN
Building Details
Tenancy
Multiple
Spaces For Lease
at 1 Central Ave NW Contact usSuite 1-A Active
Contact usSuite 1-C Active
Size
2,250 SF
Suite 1-D Active
Size
2,630 SF
Suite 1-F Active
Size
1,600 SF
Suite 2-A Active
Contact usSuite 3-A Active
Size
9,229 SF
Show more
Listing Agency:
Colliers - Albuquerque, New Mexico
Listed By:
Terrie Hertweck · License #NM 13730
(505) 228-8818
Source:
Crexi
Added: Jan 19, 2022
Changed: Oct 4
Last Checked: Oct 12 at 6:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Albuquerque, New Mexico
Investment Insights
Based on property information with market context.
Located in downtown Albuquerque, this property offers several retail and restaurant space opportunities. There are two in-line retail spaces available, one is a 1,500 square foot second-generation restaurant space and the other is 1,650 square feet. A single tenant opportunity is available encompassing 17,873 square feet across the first and second floors. The building includes an elevator shared with a third-floor tenant. Tenant improvement allowance is available. Excellent signage opportunities are present. The location benefits from walkability to theaters, restaurants (several on site), galleries, and entertainment venues. A dedicated patio space of 733 square feet is available. The first floor features open-air windows. The building also houses 78 fully leased apartments. An Albuquerque Rapid Transit (ART) stop is located directly outside of the building. Current retail tenants include Canvas Artistry Restaurant and Entertainment, Natural Fitness Training, and Yummy’s Mini-Donuts & Ice Creme. Abundant parking is available in an adjacent three-story garage with direct retail access.
Key Highlights
- High foot traffic location with direct access to 78 fully leased apartments and an ART stop directly outside.
- Abundant parking available in adjacent 3‑story garage with direct retail access.
- Excellent signage opportunities for maximum visibility.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.78 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,201
Businesses Nearby
48k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 35%
Dining 33%
Shops & Services 29%
Home Improvements & Furnishings 2%
Family Dollar
Shops & Services
10,546 visits/mo
0.5 miles
Burger King
Dining
10,284 visits/mo
0.5 miles
DoubleTree by Hilton Hotel
Hotels & Casinos
6,737 visits/mo
0.3 miles
Sushi Hana
Dining
5,747 visits/mo
0.3 miles
Hilton Garden Inn
Hotels & Casinos
5,166 visits/mo
0.2 miles
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
Median Home Value
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Market
Lease Benchmarks for Albuquerque, NM
$20.6 /SF/Yr
Avg Asking Price
$8.13–$192 /SF/Yr
Price Range
20,569 SF
Avg Space Size
This space is priced 10% below the average of $20.6 /SF/Yr.
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Prime retail and restaurant spaces available in downtown Albuquerque.
Where is this retail space located?
The property is located at 1 Central Ave NW Albuquerque, NM.
What is the lease rate?
The lease rate is $18.50 SF/Yr.
What are key features of this property?
This property features: High foot traffic location with direct access to 78 fully leased apartments and an ART stop directly outside.; Abundant parking available in adjacent 3‑story garage with direct retail access.; Excellent signage opportunities for maximum visibility.
