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    2500 Central Ave Albuquerque, NM 87104

    Sponsored
    For Lease
    $20 SF/Yr

    1,840 SF Medical/Spa Ready Space

    Lot size:
    1,840 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,840-square-foot retail space, located at 2500 Central Ave SW in Albuquerque, New Mexico, presents a unique opportunity for medical or spa businesses. Situated in Bernalillo County, zip code 87104, this single-tenant space is ideally positioned within a vibrant and high-traffic area. The property boasts convenient access to Central Avenue and Rio Grande Boulevard, with a combined daily vehicle count exceeding 56,000. Its prime location offers excellent visibility and accessibility, being directly across from the Albuquerque Botanical Garden and Aquarium. Further enhancing its appeal, the property benefits from its proximity to an ABQ Rapid Transit stop, ensuring easy public transportation access. The building features two shared ADA-compliant restrooms. This space is part of a larger complex including 32 fully leased apartments, 42 adjacent motel rooms, and a new hostel, creating a bustling and diverse community. The property is zoned MX-M and is already plumbed, making it move-in ready for the right tenant. Nearby amenities include the popular Momo Cocktail Lounge and Ponderosa Tap Room, adding to the area's lively atmosphere. This is a rare opportunity to establish a thriving business in a high-demand location with significant foot and vehicle traffic. The space is currently vacant and ready for immediate occupancy.

    Property Features for 2500 Central Ave

    General Information

    Property type
    Medical space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,840 SF

    Unit(s) available at that property

    Space
    Size
    1,840 SF
    Rate per SF
    $20
    Property Profile Location Intelligence

    Current Use by Public Records

    MERC 66 Gift Shop El Vado Motel Hotel Fair Trade Yoga ... Yoga Studio Buen Provecho Latin American Restaurant Leroy Gettler - State ... Insurance Agency

    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
    -106.67633652856
    Latitude
    35.09491803431

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    FAQs

    What type of property is this?
    Medical space - 1,840 SF Medical/Spa Ready Space
    Where is this medical space located?
    The property is located at 2500 Central Ave Albuquerque, NM.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
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    2500 Central Ave Albuquerque, NM 87104
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    Albuquerque, NM 87104
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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
    2500 Central Ave Albuquerque, NM 87104
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