110 Juan Tabo Blvd Albuquerque, NM 87123
- Lifestyle centers
- 99,315 SF
- 10.84 lot acres
Current Use by Public Records
- Wienerschnitzel / Ice Cream Shop / Restaurant
Property Details for 110 Juan Tabo Blvd
- Lot size
- 10.84 lot acres
- Property size
- 99,315 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Franklin Plaza, a prime Albuquerque retail investment opportunity, is offered at $4,500,000. This exceptional 99,315 square foot shopping center sits on a rare 10.837-acre infill site in the desirable Southeast Heights, boasting a highly visible location at the hard corner of Juan Tabo Boulevard and Central Avenue. The property comprises three single-story buildings, zoned MX-H, providing significant flexibility for future development and expansion. Currently generating a Net Operating Income (NOI) of $74,417, Franklin Plaza presents a compelling return on investment. Its strategic location within a densely populated residential area ensures consistent foot traffic and strong tenant demand. The expansive lot size offers substantial potential for redevelopment or expansion of existing structures, catering to a wide range of retail concepts. The existing tenant, Wienerschnitzel, contributes to the property's current income stream. This is a unique opportunity to acquire a well-positioned retail center with significant upside potential in a thriving Albuquerque market. The property's address is 110 Juan Tabo Blvd NE, Albuquerque, NM 87123. Serious inquiries only.
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
- -106.514
- Latitude
- 35.0706
