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    100 Central Ave SW Albuquerque, NM 87102

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    For Sale
    $14,025,958

    Former big box retail space ready for redevelopment along Route 66.

    Property size:
    91,189 SF
    Lot size:
    0.01 Acres

    Property Features for 100 Central Ave SW

    General Information

    Size
    91,189 SF
    Lot size
    0.01 Acres

    Source: Colliers | Albuquerque Agent Terrie Hertweck CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Redevelopment Opportunity on Route 66

    Located along Route 66, the property is adjacent to a municipal multi-story parking garage. Directly north is One Central, featuring 78 multi-family units, a restaurant, and the Canvas Artistry event center. The former big box space, with a demolished interior, is suitable for entertainment, retail, or a charter school, offering space for a gymnasium, classrooms, and dormitories. It features 40-foot ceilings, large restrooms, an overhead drive-in door, and a viewing mezzanine, making it a fit for production studios, corporate offices, or crew housing. The Gold Street Suites include two second-generation restaurants at each end cap, with retail and office spaces in the center of the strip. The second and third floors on the central side can be converted into multi-family units, dormitories, or offices. The property components can be purchased together or individually. The property offers 91189 square feet of space. The 100th anniversary of Route 66 is in 2026.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ATM Atm Nearby Storage Units ... Self-Storage Facility

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Law Firm Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    U-Haul Dealer, Bakers Shoes, Needful Things, First Plaza Galeria

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.6482878
    Latitude
    35.0839367

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    FAQs

    What type of property is this?
    Shopping center - Former big box retail space ready for redevelopment along Route 66.
    Where is this shopping center located?
    The property is located at 100 Central Ave SW Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $14,025,958.
    What are key features of this property?
    This property features: - Redevelopment-ready big box space featuring demolished interior and 40-foot ceilings.; - Versatile space ideal for entertainment, retail, charter school, production studios, corporate offices, or crew housing.; - Potential for multi-family units, dormitories, or offices on upper floors.
    (505) 228-8818
    Request Owner's contact information
    100 Central Ave SW Albuquerque, NM 87102
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    Albuquerque, NM 87102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    100 Central Ave SW Albuquerque, NM 87102
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