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Property profile & analytics
FOR LEASE
Strip malls

2820 Central Ave Southeast Albuquerque, NM 87106

16,946 SF 0.8 ac lot Built 1956
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US61-0214962
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1956
Total area 16,946 SF
Lot 0.8 ac (35,022 SF)
APN 1-016-057-247-286-3-32-09
UPID US61-0214962
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Panera Bread Cafe & Coffee Shop
  • Panda Express Restaurant
  • Cravens Law LLC Law Firm
  • Cravens Richard H. IV Medical Clinic
  • Bridge Viewpoint Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Lobo Retail Investors LLC · 3 yrs held
Lobo Retail Investors LLC
since 2023
3 recorded transactions
2023
Price N/A
2010
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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