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4800 Lomas Blvd NE 18,977 SF Retail Building Albuquerque, NM 87108 For Sale
INVESTMENT HIGHLIGHTS
- Creative ownership with options to purchase or lease
- Strong traffic counts with area anchor tenants Sprouts, Ace Hardware & True Value
- Great street presence with over 20,000 cars per day and monument sign at lighted intersection
- Opportunity for turn-key church or an adaptive retail reuse
- Current layout includes large sanctuary, two stages for youth groups, full kitchen and numerous classrooms and offices
EXECUTIVE SUMMARY
4800 Lomas is a highly visible freestanding property positioned at the signalized intersection of Lomas Boulevard and Monroe Street in the vibrant Nob Hill district. Currently configured as a church, the building offers a spacious sanctuary, multiple youth and children’s rooms, and a functional layout ideal for continued religious use. Beyond its existing design, the property presents exceptional potential for adaptive reuse. Originally constructed as a Furr’s grocery store, it carries a legacy of serving the surrounding neighborhoods and is primed for reinvention. With flexible MX-M zoning, redevelopment possibilities abound, including mixed-use concepts, multifamily housing, large-format retail, drive-thru operations, financial institutions, and more. This strategic location, combined with strong traffic counts and proximity to major anchors, makes 4800 Lomas a rare opportunity for visionary investors and developers.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
18,977 SF
Building Class
B
Year Built
1952
Tenancy
Single
Building Height
1 Story
Building FAR
0.36
Lot Size
1.21 AC
Zoning
MX-M - Mixed Use Medium Density
Parking
67 Spaces (3.53 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signalized Intersection
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1-017-057-386510-1-25-12 | Improvements Assessment | $368,264 |
| Land Assessment | $119,343 | Total Assessment | $487,607 |
PROPERTY TAXES
Parcel Number
1-017-057-386510-1-25-12
Land Assessment
$119,343
Improvements Assessment
$368,264
Total Assessment
$487,607
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4800 Lomas Blvd NE
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