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    2124 Central Ave SW Albuquerque, NM 87102

    For Sale
    $480,000

    Valuable commercial land with redevelopment potential in Old Town.

    Lot size:
    0.30 Acres

    Property Features for 2124 Central Ave SW

    General Information

    Lot size
    0.30 Acres

    Source: RESOLUT RE Agent Austin Tidwell CCIM

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

    Overview

    Drive-Thru Permissive Pad in Old Town

    This commercial land is a drive-thru permissive pad located in Old Town, just west of the CPO boundary. The area has seen redevelopment, including El Vado, The Monterey Inn, Country Club Plaza and the Sawmill Market. The property features a small existing restaurant on a hard corner with full site circulation and right in/right out access. Nearby businesses include Champion Carwash, Walgreens, Subway, McDonald’s and Baskin Robbins.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.6727277
    Latitude
    35.0950008

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    FAQs

    What type of property is this?
    Commercial land - Valuable commercial land with redevelopment potential in Old Town.
    Where is this commercial land located?
    The property is located at 2124 Central Ave SW Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $480,000.
    What are key features of this property?
    This property features: - Valuable drive-thru permissive pad in Old Town.; - Located in an area with massive redevelopment attention.; - **Hard corner location with full site circulation.**
    (505) 702-1379
    Request Owner's contact information
    2124 Central Ave SW 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
    2124 Central Ave SW Albuquerque, NM 87102
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