5201 Central Ave Albuquerque, NM 87108
- Drug stores
- 14,125 SF
- 1.78 lot acres
Current Use by Public Records
- Dalia Arafat, RPH / Pharmacy
- Western Union / Money Transfer Service
- COVID-19 Drive-Thru Testing at Walgreens / Medical Laboratory
- New Mexico Early Learning Academy / Preschool
- Albuquerque Bilingual Academy Pre-K / Charter School
Property Details for 5201 Central Ave
- Year built
- 2004
- Lot size
- 1.78 lot acres
- Property size
- 14,125 SF
- Property type
- Drug stores
- APN
- 1-017-057-524-207-4-39-15
- APU
- 101705752420743915
Description
This exceptional 14,204-square-foot freestanding retail building is situated on a 1.78-acre lot in Albuquerque's vibrant Downtown submarket at 5201 Central Ave NE. The single-story building boasts a highly desirable drive-thru configuration, a rare find along Central Avenue. Its location on a signalized hard corner at two major thoroughfares ensures superior visibility and accessibility, with multiple full access points for optimal customer convenience. The property benefits from excellent exposure, with traffic counts exceeding 40,200 vehicles per day, guaranteeing high visibility for any business. Its proximity to the Louisiana Albuquerque Rapid Transit (ART) stop provides convenient public transportation access. Currently fully vacant, this property presents a unique opportunity for a variety of retail uses. The zoning is MX-M. The building is in excellent condition. A sublease with Walgreens is in place, expiring January 15, 2033. This prime location and substantial square footage make this an unparalleled investment opportunity in the heart of Albuquerque.
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
- -106.587
- Latitude
- 35.0784
- CBSA code
- 10740
- CBSA name
- ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
