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    8516 Central Ave Albuquerque, NM 87108

    Sponsored
    For Sale
    $500,000

    Prime 25,000 SF Retail Lot, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land opportunity presents 25,000 square feet of vacant land ideally situated at 8516 Central Ave SE in Albuquerque, New Mexico, zip code 87108. The property is zoned MX-M, offering versatility for a wide range of commercial uses. Its location on a soft corner near Wyoming ensures high visibility and accessibility, maximizing exposure for any business. Ample parking is available, a significant advantage for customers and employees. The property's size allows for substantial development potential, catering to businesses requiring significant space. Albuquerque's robust economy and growing population create a thriving market, promising a steady stream of potential customers. This location offers an excellent opportunity for establishing a retail store, office space, restaurant, or other commercial venture. The asking price is $500,000. Broker co-op is available. Don't miss this chance to capitalize on this prime Albuquerque location.

    Property Features for 8516 Central Ave

    General Information

    Property type
    Land

    HighLights

    • 25,000 SF vacant land in Albuquerque, NM.
    • Located at 8516 Central Ave SE, zip code 87108.
    • MX‑M zoning allows for diverse commercial uses.
    • High visibility corner lot near Wyoming Blvd.
    • Ample on‑site parking.
    • $500,000 asking price; broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -106.551847
    Latitude
    35.0736395

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    FAQs

    What type of property is this?
    Land - Prime 25,000 SF Retail Lot, High Visibility
    Where is this land located?
    The property is located at 8516 Central Ave Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: 25,000 SF vacant land in Albuquerque, NM.; Located at 8516 Central Ave SE, zip code 87108.; MX-M zoning allows for diverse commercial uses.
    Request Owner's contact information
    8516 Central Ave Albuquerque, NM 87108
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    Albuquerque, NM 87108
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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
    8516 Central Ave Albuquerque, NM 87108
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