Historic Mixed-Use Building on Route
For Sale
Contact for pricing
500 Central Ave SW, Albuquerque, NM 87102
Iconic 1906 building with redevelopment potential in Downtown Albuquerque.
Property Size12,859 SF
Price / SF$99.15
Days on Market147
Property Features for 500 Central Ave SW
General Information
Standard status
Active
Size
12,859 SF
Property subtype
Mixed Use, Retail
Listing Agency:
NAI Sun Vista
(505) 878-0001
Listed By:
Alexis Lovato · License #NM 55026
Source:
Crexi
Added: Mar 19
Changed: Aug 8
Last Checked: Aug 8 at 6:35AM
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 NAI Sun Vista
Investment Insights
Based on property information with market context.
This iconic historic building, constructed in 1906, occupies a prominent hard corner at Central Ave. & 5th St., offering prime Route 66 frontage in the heart of Downtown Albuquerque. The property presents an opportunity for mixed-use conversion to residential, a boutique hotel, or shop space. It features multiple storefronts with excellent visibility and multi-tenant flexibility. Notably, it houses the second-oldest restaurant location in Albuquerque, Lindy’s Diner. The building includes two levels; the upper level, encompassing approximately 5,880 square feet, formerly a hotel, is currently vacant and ready for redevelopment. This property offers adaptive reuse, value-add, or full redevelopment potential. It is located within the Downtown Revitalization Corridor, with property tax abatement and MRA funding available. The surrounding area features government, office, entertainment, and residential density. Three of the bottom retail units are currently leased. The property size is 12,859 square feet.
Key Highlights
- Prime Route 66 frontage on Central Ave. & 5th St. in Downtown.
- Opportunity for mixed‑use conversion (residential, boutique hotel, shop space).
- Multiple storefronts with excellent visibility and multi‑tenant flexibility.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,093
Businesses Nearby
75k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Hotels & Casinos 25%
Shops & Services 19%
Home Improvements & Furnishings 1%
Starbucks
Dining
16,432 visits/mo
0.4 miles
Family Dollar
Shops & Services
10,546 visits/mo
0.5 miles
Burger King
Dining
10,284 visits/mo
0.4 miles
DoubleTree by Hilton Hotel
Hotels & Casinos
6,737 visits/mo
0.3 miles
Carl's Jr.
Dining
5,925 visits/mo
0.5 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
Market
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Iconic 1906 building with redevelopment potential in Downtown Albuquerque.
Where is this mixed-use property located?
The property is located at 500 Central Ave SW Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Prime Route 66 frontage on Central Ave. & 5th St. in Downtown.; Opportunity for mixed‑use conversion (residential, boutique hotel, shop space).; Multiple storefronts with excellent visibility and multi‑tenant flexibility.
