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2124 Central Ave - Old Town Drive-Thru Pad Site 0.3 Acres of Commercial Land Offered at $480,000 in Albuquerque, NM 87104
Investment Highlights
- Valuable drive-thru permissive pad in Old Town, just west of the CPO boundary
- Small existing restaurant on a hard corner with full site circulation and right in/right out access
- This area has seen massive redevelopment attention; including El Vado, The Monterey Inn, Country Club Plaza and the Sawmill Market
- Join Champion Carwash, Walgreens, Subway, McDonald’s and Baskin Robbins
Executive Summary
2124 Central is a 2,000 square foot freestanding restaurant that is primed and ready for a redevelopment opportunity in Albuquerque historic Old Town. The property sits on approximately 0.30 acres, has curb cuts on three sides and features a large monument sign on Central Ave. This building is located just west of Rio Grande, making it available for drive-thru as it is outside of the Character Protection Overlay zone. The site is also accessible via ART (Albuquerque Rapid Transit) and is located between Champion Carwash and Filiberto’s. This pad opportunity is perfect for a new retail use and is available via sale.
Property Facts
| Price | $480,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.30 AC |
| Property Type | Land | ||
| Zoning | MX-M - MX-M zoning is to provide for a wide array of moderate-intensity retail, commercial and institutional opportunities | ||
| Price | $480,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.30 AC |
| Zoning | MX-M - MX-M zoning is to provide for a wide array of moderate-intensity retail, commercial and institutional opportunities |
1 Lot Available
Lot
| Price | $480,000 | Lot Size | 0.30 AC |
| Price Per AC | $1,580,054.45 |
| Price | $480,000 |
| Price Per AC | $1,580,054.45 |
| Lot Size | 0.30 AC |
Old Town Drive-Thru Pad Site.
Description
West Downtown, Old Town and Sawmill all converge at this intersection of Central and Rio Grande, each bringing a unique style and development momentum that this site benefits from. Tourists come from all over the globe to stay in the boutique hotels nearby and shop within Old Town Plaza. Projects like Country Club Plaza, El Vado, Monterey Motel and Sawmill Market have helped to bring density, shopping, eateries and entertainment to an area that is so well deserving. This section of Central Ave connects commuters from UNN and Downtown to the West Mesa while Rio Grande Blvd is a short drive to I-40 and the North Valley.
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Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
70/100
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