110 Juan Tabo Blvd Albuquerque, NM 87123
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.
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Wienerschnitzel Restaurant Take-out & Catering
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.