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    2820 Central Ave Albuquerque, NM 87106

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    For Lease
    Contact for pricing

    Prime Albuquerque retail space, fully renovated.

    Lot size:
    2,240 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    College Plaza, located at 2820 Central Avenue Southeast in Albuquerque, New Mexico, presents a unique opportunity to lease a fully renovated 2,240 square foot retail space. This property, situated on a prominent hard corner at the intersection of Central and Girard, benefits from exceptional visibility and high vehicular and pedestrian traffic. Built in 1956 and recently renovated in 2024, the building features a completely updated exterior and new TPO roofs. The space is currently vacant and zoned MX-M, making it suitable for a variety of retail or restaurant uses. A significant advantage is the dedicated parking for tenants and employees, a rare feature in this area. Furthermore, the property's proximity to an ART Bus station within 200 feet enhances accessibility. Located in the UNM/Nob Hill submarket of Bernalillo County (zip code 87106), College Plaza offers a thriving commercial environment with strong potential for success. The property's recent renovation ensures modern amenities and a fresh, appealing aesthetic for prospective tenants. This is an exceptional opportunity to establish a business in a high-traffic, well-located retail center.

    Property Features for 2820 Central Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,240 SF

    Building Details

    Year Built
    1956

    Unit(s) available at that property

    Space
    2nd Gen Restaurant
    Size
    2,240 SF

    HighLights

    • Completely remodeled shopping center (2024).
    • High‑visibility hard corner location.
    • Ample dedicated parking.
    • Excellent access to Nob Hill submarket.
    • Existing restaurant infrastructure in place.
    • Monument signage opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Panera Bread Cafe Panda Express Chinese Restaurant Cravens Law LLC Personal Injury Attorney Cravens Richard H. ... Medical Clinic Bridge Viewpoint Tourist Attraction

    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
    -106.6137037
    Latitude
    35.0804691

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    FAQs

    What type of property is this?
    Retail property - Prime Albuquerque retail space, fully renovated.
    Where is this retail property located?
    The property is located at 2820 Central Ave Albuquerque, NM.
    What are key features of this property?
    This property features: Completely remodeled shopping center (2024).; High-visibility hard corner location.; Ample dedicated parking.
    Request Owner's contact information
    2820 Central Ave Albuquerque, NM 87106
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    Albuquerque, NM 87106
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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
    2820 Central Ave Albuquerque, NM 87106
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