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Value-Add Retail | Redevelopment Potential 102-106 Caldwell Ave 42,490 SF Retail Building Belen, NM 87002 For Sale

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INVESTMENT HIGHLIGHTS

  • 15 minutes away from the approved Arcosa Wind Tower Development
  • Ample parking
  • Facade and monument signage
  • Wide open floor plan
  • Full access
  • Onsite CU Anytime ATM generating $430.46 monthly, leased through March 31, 2033

EXECUTIVE SUMMARY

This prime location boasts an existing shopping center with excellent visibility on Reinken Ave. The property features multiple pad sites available for development, ranging from half an acre to over one acre in size. Additionally, a spacious 14,250 square foot junior anchor space is currently vacant. Previously occupied by Bealls, this space offers a wide-open floor plan with built-out dressing rooms on both ends.
For maximum exposure, the shopping center includes two monument signs: one facing Reinken Ave and another attached to the building itself. Building facade signage with multiple end cap opportunities is also available. Ample parking and convenient access are ensured by a full connection to Reinken Ave. An added benefit is the CU Anytime ATM positioned right next to the monument sign on Reinken Ave, generating additional customer traffic.

PROPERTY FACTS

Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
42,490 SF
Building Class
B
Year Built
1980
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.13
Lot Size
7.75 AC
Zoning
C-1 - Neighborhood Commercial Zone
Parking
254 Spaces (5.98 Spaces per 1,000 SF Leased)
Frontage
619’ on River Rd

AMENITIES

  • Pylon Sign
  • Signalized Intersection

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 14,250 SF
  • Retail
  • In-Line
  • Now

This prime location boasts an existing shopping center with excellent visibility on Reinken Ave. The property features multiple pad sites available for development, ranging from half an acre to over one acre in size. Additionally, a spacious 14,250 square foot junior anchor space is currently vacant. Previously occupied by Bealls, this space offers a wide-open floor plan with built-out dressing rooms on both ends. For maximum exposure, the shopping center includes two monument signs: one facing Reinken Ave and another attached to the building itself. Building facade signage with multiple end cap opportunities is also available. Ample parking and convenient access are ensured by a full connection to Reinken Ave. An added benefit is the CU Anytime ATM positioned right next to the monument sign on Reinken Ave, generating additional customer traffic.

  • 1st Floor
  • 1,360 SF
  • Retail
  • End Cap
  • Now

This prime location boasts an existing shopping center with excellent visibility on Reinken Ave. The property features multiple pad sites available for development, ranging from half an acre to over one acre in size. Additionally, a spacious 14,250 square foot junior anchor space is currently vacant. Previously occupied by Bealls, this space offers a wide-open floor plan with built-out dressing rooms on both ends. For maximum exposure, the shopping center includes two monument signs: one facing Reinken Ave and another attached to the building itself. Building facade signage with multiple end cap opportunities is also available. Ample parking and convenient access are ensured by a full connection to Reinken Ave. An added benefit is the CU Anytime ATM positioned right next to the monument sign on Reinken Ave, generating additional customer traffic.

Space Size Space Use Position Available
1st Floor 14,250 SF Retail In-Line Now
1st Floor 1,360 SF Retail End Cap Now

1st Floor

Size
14,250 SF
Space Use
Retail
Position
In-Line
Available
Now

1st Floor

Size
1,360 SF
Space Use
Retail
Position
End Cap
Available
Now

1st Floor

Size 14,250 SF
Space Use Retail
Position In-Line
Available Now

This prime location boasts an existing shopping center with excellent visibility on Reinken Ave. The property features multiple pad sites available for development, ranging from half an acre to over one acre in size. Additionally, a spacious 14,250 square foot junior anchor space is currently vacant. Previously occupied by Bealls, this space offers a wide-open floor plan with built-out dressing rooms on both ends. For maximum exposure, the shopping center includes two monument signs: one facing Reinken Ave and another attached to the building itself. Building facade signage with multiple end cap opportunities is also available. Ample parking and convenient access are ensured by a full connection to Reinken Ave. An added benefit is the CU Anytime ATM positioned right next to the monument sign on Reinken Ave, generating additional customer traffic.

1st Floor

Size 1,360 SF
Space Use Retail
Position End Cap
Available Now

This prime location boasts an existing shopping center with excellent visibility on Reinken Ave. The property features multiple pad sites available for development, ranging from half an acre to over one acre in size. Additionally, a spacious 14,250 square foot junior anchor space is currently vacant. Previously occupied by Bealls, this space offers a wide-open floor plan with built-out dressing rooms on both ends. For maximum exposure, the shopping center includes two monument signs: one facing Reinken Ave and another attached to the building itself. Building facade signage with multiple end cap opportunities is also available. Ample parking and convenient access are ensured by a full connection to Reinken Ave. An added benefit is the CU Anytime ATM positioned right next to the monument sign on Reinken Ave, generating additional customer traffic.

NEARBY MAJOR RETAILERS

Blake's LotaBurger
Bank of Albuquerque
U.S. Bank
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1-008-028-104-218-000000
Land Assessment
$63,452
Improvements Assessment
$0
Total Assessment
$63,452
  • Listing ID: 37287852

  • Date on Market: 8/15/2025

  • Last Updated:

  • Address: 102-106 Caldwell Ave, Belen, NM 87002

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