1415 Eubank Blvd Albuquerque, NM 87112
- Lifestyle centers
- 29,453 SF
- 2.02 lot acres
Current Use by Public Records
- Cricket Wireless Authorized Retailer / Cell Phone Store
Property Details for 1415 Eubank Blvd
- Lot size
- 2.02 lot acres
- Property size
- 29,453 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Eubank Plaza, located at 1415 Eubank Blvd NE, Albuquerque, NM 87112, presents a compelling investment opportunity. This well-established 29,453 square foot shopping center sits on a 2.02-acre lot and features 19 units, currently leased under NNN terms. The property boasts a desirable location in Albuquerque's Northeast Heights, benefiting from high traffic volume—35,000 vehicles per day on the Wyoming Blvd going-home side. Three convenient access points on Wyoming Blvd ensure excellent visibility and accessibility for customers. Ample customer parking is available. The center is zoned MX-L, and its current tenants include several long-term occupants, many with over 20 years of operation. The asking price is $3,850,000, translating to $130 per square foot. Below-market rents offer significant potential for rental increases and enhanced cash flow, making this a strong value-add proposition. Monument signage is available, providing excellent branding opportunities for tenants. This established center offers a stable income stream with considerable upside potential in a high-demand location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.533
- Latitude
- 35.0955
