Property profile

1945 Rt. 66 Edgewood, NM 87015

OFF-MARKET
Lifestyle centers
7,304 SF 1.01 ac lot
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Property summary

AI-generated overview

This 7,304 square foot shopping center presents a compelling investment opportunity for owner-occupants or value-add investors. Located in Edgewood, New Mexico, on the historic Route 66, this property boasts high visibility due to its prime location. The center comprises five units situated on a 1.014-acre lot (APN 99304844) and is zoned C-2 Commercial. Its strategic placement near Smith's Grocery, the city's economic hub, and adjacent to other retail tenants ensures consistent traffic and exposure. Further enhancing its appeal, the property benefits from its proximity to Interstate 40 (1/4 mile) and is only 30 minutes from Albuquerque. The asking price is $299,000, translating to $40.94 per square foot. This well-positioned shopping center offers significant potential for growth and return on investment. The property is currently for sale by owner. This is a rare opportunity to acquire a thriving retail center in a high-traffic area.

Property profile

Verified
Property type Lifestyle centers
Total area 7,304 SF
Lot 1.01 ac (44,170 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1945 Rt. 66 Edgewood, NM 87015
Edgewood metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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