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    3320 2Nd St Albuquerque, NM 87107

    For Lease
    $13 SF/Yr ($12,107 /Mo)

    11,176 SF Retail/Warehouse, I-40/I-25 Access

    Lot size:
    11,176 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 11,176-square-foot property in Bernalillo County presents a unique investment opportunity. Situated on 1.02 acres, this single-tenant building boasts a prime location less than a mile from the intersection of Interstates 40 and 25, ensuring high visibility and accessibility. Built in 1972 and classified as Class B, the property features a well-maintained blend of retail and warehouse space. The retail storefront encompasses approximately 2,500 square feet, while the warehouse area totals approximately 8,600 square feet, offering ample storage and operational space. Warehouse ceiling heights reach 14 to 16 feet, accommodating various needs. The property includes 3-phase power and secure perimeter fencing, enhancing security and operational efficiency. The zoning is NR-LM. This turn-key bakery space, formerly occupied by a well-established business, comes complete with all fixtures, furniture, and equipment (FF&E), which the owner is willing to remove if desired. The property benefits from excellent visibility, with an estimated 18,200 cars passing daily. This centrally located property offers significant potential for a variety of businesses seeking a versatile and strategically positioned space.

    Property Features for 3320 2Nd St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,176 SF
    Class
    B
    Total Rate
    12107.33

    Building Details

    Year Built
    1972
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    11,176 SF
    Rate per SF
    $13

    HighLights

    • 11,176 SF single‑tenant retail/restaurant building on 1.02 acres in Bernalillo County.
    • Class B, 1‑story building constructed in 1972.
    • Excellent visibility with ±18,200 cars per day, less than one mile from I‑40 & I‑25.
    • Features ±2,500 SF of office/retail space and ±8,600 SF of warehouse space with 14'-16' ceiling heights and 3‑phase power.
    • Includes secure perimeter fencing and great pylon signage; former Pastians Bakery location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pastian's Bakery Bakery

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.6414331
    Latitude
    35.1169287

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    FAQs

    What type of property is this?
    Restaurant - 11,176 SF Retail/Warehouse, I-40/I-25 Access
    Where is this restaurant located?
    The property is located at 3320 2Nd St Albuquerque, NM.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: 11,176 SF single-tenant retail/restaurant building on 1.02 acres in Bernalillo County.; Class B, 1-story building constructed in 1972.; Excellent visibility with ±18,200 cars per day, less than one mile from I-40 & I-25.
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    3320 2Nd St Albuquerque, NM 87107
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    Albuquerque, NM 87107
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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
    3320 2Nd St Albuquerque, NM 87107
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