3500 Central SE Ave Albuquerque, NM 87106-1446

Property Details for 3500 Central SE Ave

Year built

1948

Lot size

0.23 lot acres

Property size

8,881 SF

Property type

Turn key restaurants

APN

1-016-057-496-250-4-35-04

APU

101605749625043504

Description

This exceptional 10,567 square foot retail shopping center, situated on a 1.72-acre lot at 3500 Central Ave SE in Albuquerque, New Mexico, presents a unique investment opportunity. Built in 1949 and proudly listed on the Bernalillo County Historic Places Register, this landmark property boasts a prominent location in the University submarket, establishing it as Albuquerque's first shopping center. Currently, there are 5,483 square feet of vacant space available, divisible into units ranging from 754 to 1,940 contiguous square feet, offering flexibility for various retail concepts. The center benefits from high visibility with monument signage on Central Avenue and convenient customer parking (2 hours free). The property is zoned MX-M and enjoys a strong tenant base, including established local favorites such as Scalo's, Gecko's, and Cinnamon Cafe, as well as La Montañita Co-op, the only grocery store in Nob Hill. This presents a rare chance to acquire a piece of Albuquerque's history and a thriving retail center in a highly desirable location. The property's rich history and prime location within the vibrant Nob Hill community offer significant potential for future growth and return on investment. The available space provides an excellent opportunity for expansion or the addition of new businesses to this already successful center.

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Longitude

-106.606

Latitude

35.0796

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments