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NE Heights Retail/Office 4801-4805 Menaul Blvd NE 7,934 SF 100% Leased Retail Building Albuquerque, NM 87110 $550,000 ($69.32/SF)
INVESTMENT HIGHLIGHTS
- 0.5 acres of prime retail corner
- MX-M zoning supports retail, office, and service uses
- Ideal for drive-through or redevelopment opportunities
- Four separately metered units across two parcels
- Strong demographics with over 116,000 residents nearby
EXECUTIVE SUMMARY
Positioned in the heart of Albuquerque’s Northeast Heights submarket, 4801–4805 Menaul Blvd NE presents a compelling opportunity for owner-users, investors, or developers seeking a high-visibility location with versatile zoning. This 0.48-acre corner site features a 7,934 SF retail/office building divided into four separately metered units, offering operational flexibility and income potential. The property spans two parcels, including additional addresses at 2608–2612 Monroe, enhancing its suitability for parcel assembly or future expansion.
Strategically located along Menaul Boulevard, one of Albuquerque’s most active east-west commercial corridors, the site benefits from consistent traffic flow and excellent regional connectivity via I-25, San Mateo Blvd, and Carlisle Blvd. The surrounding area is a vibrant mix of national retailers, restaurants, and service businesses, supported by a strong daytime population of 145,679 and a residential base of over 116,000 within a three-mile radius. Average household income in the area exceeds $82,000, reinforcing the location’s retail viability.
With MX-M zoning, the property is a prime candidate for a drive-through concept, adaptive reuse, or redevelopment. Whether retained for immediate occupancy or repositioned for long-term value creation, this asset offers a rare blend of location strength, zoning flexibility, and demographic support in one of Albuquerque’s most established trade areas.
Strategically located along Menaul Boulevard, one of Albuquerque’s most active east-west commercial corridors, the site benefits from consistent traffic flow and excellent regional connectivity via I-25, San Mateo Blvd, and Carlisle Blvd. The surrounding area is a vibrant mix of national retailers, restaurants, and service businesses, supported by a strong daytime population of 145,679 and a residential base of over 116,000 within a three-mile radius. Average household income in the area exceeds $82,000, reinforcing the location’s retail viability.
With MX-M zoning, the property is a prime candidate for a drive-through concept, adaptive reuse, or redevelopment. Whether retained for immediate occupancy or repositioned for long-term value creation, this asset offers a rare blend of location strength, zoning flexibility, and demographic support in one of Albuquerque’s most established trade areas.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
7,934 SF
Building Class
C
Year Built
1951
Price
$550,000
Price Per SF
$69.32
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.50 AC
Zoning
MX-M - Mixed Use - Moderate Intensity
Parking
8 Spaces (1.01 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $175,986 | |
| Land Assessment | $52,642 | Total Assessment | $228,628 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$52,642
Improvements Assessment
$175,986
Total Assessment
$228,628
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NE Heights Retail/Office | 4801-4805 Menaul Blvd NE
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