605 Lomas Blvd Albuquerque, NM 87102
This exceptional 1,441 square foot retail property, located at 605 Lomas Blvd NW in Albuquerque, New Mexico, is available for $2,000,000. Currently vacant, this property presents a unique investment opportunity. The building sits on a 1.627-acre lot and boasts approximately 330 linear feet of frontage on Lomas Blvd, a major thoroughfare serving downtown Albuquerque. Convenient access points are available from Lomas Blvd, 6th, and 7th Streets. High visibility is ensured with a pylon sign situated at the intersection of 6th Street and Lomas Blvd. The property benefits from significant traffic volume, with nearly 26,000 cars daily passing the intersection of 6th Street and Lomas Blvd. Its proximity to courthouses adds to its strategic appeal. The property is zoned MX-M, offering flexibility for various commercial uses. The price per square foot is $1,387.93. This prime location and high traffic count make this a compelling investment opportunity in a thriving Albuquerque market. The zip code is 87102, and the property is in Bernalillo County.
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Bank of America ATM (Drive-thru) Atm
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Motor Bank Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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