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Retail Space in Old Town
For Lease
$3,070/Mo

2500 Central Ave Sw, Albuquerque, NM 87104

Retail space for lease in walkable Old Town location.

Space SizeContact for details
Property Size1,840 SF
Lot Size0.89 Acres
Days on Market615

Property Features for 2500 Central Ave Sw

General Information

Standard status Active
Size 1,840 SF
Lot size 0.89 Acres
Listing Agency: EXP Realty LLC
Listed By: Coralee H Quintana · License #48091
Source: Exprealty
Added: Dec 2, 2024 Changed: Aug 8 Last Checked: Aug 8 at 1:32PM

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 EXP Realty LLC

Investment Insights

Based on property information with market context.

A plumbed retail space of 1,840 square feet is available for lease in Building A. Buildings B and C are fully leased. The property includes two shared ADA restrooms. It is situated in a walkable Old Town location, across from the Botanical Gardens and Aquarium. The site also features 32 fully leased apartments and is adjacent to 42 motel rooms and a new hostel. An ABQ Rapid Transit stop is nearby. The location benefits from high traffic volume, with 26,100 vehicles per day on Central Avenue and 30,100 vehicles per day on Rio Grande Boulevard.

Key Highlights

  • Walkable Old Town Location
  • High Traffic Location (26,100 Central Ave VPD)
  • Across from Botanical Gardens and Aquarium

Property Analytics

Current Use

MERC 66 (Bike/Boat/Book/etc) Store El Vado Motel Hotel & Motel Fair Trade Yoga ... Gym & Fitness Center Buen Provecho Restaurant Leroy Gettler - State ... Insurance Agency

Suggested Use

Top Pick Building Supply Electrical Service Auto Parts Store Storage Facility Locksmith HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

921
Businesses Nearby
25k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 94% Hotels & Casinos 6%
McDonald's Dining
19,913 visits/mo 0.3 miles
Baskin-Robbins Dining
3,868 visits/mo 0.3 miles
Econo Lodge Old Town Hotels & Casinos
1,434 visits/mo 0.2 miles

Demographics for 87104, NM

12,537
Population
6,628
Households
1.9
Avg Household Size
43
Median Age
48%
College-Educated
92%
High-School Grad
4.2 sq mi
ZIP Area
2,985
Density / Sq Mi
$67,714
Median Household Income
$55,156
Median Earnings
$1,022
Median Rent
$300,000
Median Home Value

Market

Lease Benchmarks for Albuquerque, NM

$17.4 /SF/Yr
Avg Asking Price
$8.85–$30 /SF/Yr
Price Range
16,948 SF
Avg Space Size

This space is priced 15% above the average of $17.4 /SF/Yr.

Vacancy Rate% for Retail in Albuquerque, NM

7.8% 2019
8.4% 2020
7.9% 2021
4.8% 2022
4.2% 2023
5.7% 2024
5.5% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space for lease in walkable Old Town location.
Where is this retail space located?
The property is located at 2500 Central Ave Sw Albuquerque, NM.
What is the lease rate?
The lease rate is $3,070/Mo.
What are key features of this property?
This property features: Walkable Old Town Location; High Traffic Location (26,100 Central Ave VPD); Across from Botanical Gardens and Aquarium
More about this property
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