2820 Central Ave Southeast Albuquerque, NM 87106
For Lease
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College Plaza, located at 2820 Central Avenue Southeast in Albuquerque, New Mexico, presents a unique opportunity to lease a fully renovated 2,240 square foot retail space. This property, situated on a prominent hard corner at the intersection of Central and Girard, benefits from exceptional visibility and high vehicular and pedestrian traffic. Built in 1956 and recently renovated in 2024, the building features a completely updated exterior and new TPO roofs. The space is currently vacant and zoned MX-M, making it suitable for a variety of retail or restaurant uses. A significant advantage is the dedicated parking for tenants and employees, a rare feature in this area. Furthermore, the property's proximity to an ART Bus station within 200 feet enhances accessibility. Located in the UNM/Nob Hill submarket of Bernalillo County (zip code 87106), College Plaza offers a thriving commercial environment with strong potential for success. The property's recent renovation ensures modern amenities and a fresh, appealing aesthetic for prospective tenants. This is an exceptional opportunity to establish a business in a high-traffic, well-located retail center.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.