Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2320 Central Ave Albuquerque, NM 87104

    For Lease
    $20 SF/Yr ($3,443 /Mo)

    Prime Central Ave retail space, multiple units available.

    Lot size:
    2,066 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail opportunity is located at 2320 Central Ave SW in Albuquerque, New Mexico, 87104, within Bernalillo County. The property, known as Monterey Place, offers a total of 2,066 square feet of commercial space currently entirely vacant and available for lease. The space is zoned MX-M, providing flexibility for a variety of retail uses. Multiple tenancy options exist, with individual units ranging from a minimum of 1,008 square feet to a maximum contiguous space of 1,058 square feet. This presents an ideal situation for either a single tenant seeking a sizable space or multiple tenants looking for smaller, more manageable units. The property's location on Central Avenue SW offers high visibility and excellent access to a substantial customer base. This is a rare chance to secure a prominent retail presence in a thriving Albuquerque neighborhood. The property's convenient location and flexible space options make it an attractive investment for businesses seeking a strong foothold in the Albuquerque market. Interested parties are encouraged to inquire about lease terms and availability. The property is ready for immediate occupancy.

    Property Features for 2320 Central Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,066 SF
    Total Rate
    3443.33

    Unit(s) available at that property

    Space
    Suite 101
    Size
    1,058 SF
    Rate per SF
    $24
    Space
    Suite 104
    Size
    1,008 SF
    Rate per SF
    $24

    HighLights

    • Warm shell space with ADA‑compliant restroom.
    • Prime Old Town location with high pedestrian traffic.
    • Excellent visibility across from the Botanical Gardens and Aquarium.
    • Adjacent to restaurants with patio and indoor dining.
    • High‑traffic area with nearby Momo Cocktail Lounge and Ponderosa Tap Room.
    • Strong onsite residential component with 42 apartments (32 at El Vado).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Campus Barber Barber Shop Monterey Place Apartment Complex Percolate Solutions, Inc. Web Hosting Company

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office 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
    Bernalillo
    State
    New Mexico
    Longitude
    -106.67548889389
    Latitude
    35.095375170061

    Nearby Similar for Lease

    • $9,000 /Mo
      21,344 SF

      Versatile Commercial Space, Albuquerque

      Adaptable commercial space suitable for warehouse, retail, office, or more.
      221 Broadway Blvd SE, Albuquerque, NM 87102
      View Details
    • $13,000 /Mo
      43,560 SF

      Versatile Commercial Space in Albuquerque

      16000 sq ft space ideal for office or retail.
      2200 Eubank Blvd NE, Albuquerque, NM 87112
      View Details
    • $2,800 /Mo
      13,068 SF

      Free-Standing Commercial Building For Lease

      Versatile commercial building suitable for various small business uses.
      3915 4Th St NW, Albuquerque, NM 87107
      View Details
    • $2,000 /Mo
      33,977 SF

      Albuquerque Commercial Property For Rent

      High-traffic commercial property suitable for retail, automotive, or storage.
      9612 Central Ave SE, Albuquerque, NM 87123
      View Details
    • $1,785 /Mo
      3,049 SF

      Office Space in Albuquerque, NM

      Move-in ready office suites available for lease in Albuquerque.
      3007 Louisiana Blvd NE, Albuquerque, NM 87110
      View Details
    • $975 /Mo
      69,696 SF

      Retail Space in Los Ranchos

      Move-in ready retail spaces in walkable Los Ranchos location.
      350 Osuna Rd NW, Los Ranchos, NM 87107
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Central Ave retail space, multiple units available.
    Where is this retail property located?
    The property is located at 2320 Central Ave Albuquerque, NM.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Warm shell space with ADA-compliant restroom.; Prime Old Town location with high pedestrian traffic.; Excellent visibility across from the Botanical Gardens and Aquarium.
    Request Owner's contact information
    2320 Central Ave Albuquerque, NM 87104
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2320 Central Ave
    Albuquerque, NM 87104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2320 Central Ave Albuquerque, NM 87104
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.