306 Yale Blvd SE
Albuquerque, NM 87106
Land For Sale
·
0.48 AC
Investment Highlights
- Half acre pad site available for sale or ground lease
- Less than a third of a mile from the University of New Mexico and Central New Mexico Community College
- Ideal for retail or multi-family uses
- Directly north of Smith's grocery - $15.6M annual sales and over 543K customer visits
Property Facts
| Property Type | Land | Total Lot Size | 0.48 AC |
| Property Subtype | Commercial |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.48 AC |
Description
306 Yale is a half acre land parcel found along Yale Blvd that connects the University of New Mexico and Central New Mexico Community College in this very walkable urban area of Albuquerque. The propertyis immediately adjacent to Smith's (Kroger) grocery, gas stations, neighborhood retail and residential/student housing. The property lends itself well to either continue as a retail use (formerly Family Dollar) or to pivot and transition to a multi-family use. The surrounding area continues to provide convenience items and cater to the high walkable area for university students, which also goes with the MX-L zoning district that this building is located in. The parcel benefits from 150' of frontage and once featured an 8,500 SF building with a large parking area and two full access curb cuts to the site. The owners are offering the property for sale or as a ground lease opportunity to a qualified tenant.
