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Retail Space 501 Lomas Blvd NW 2,000 SF Retail Building Albuquerque, NM 87102 $1,300,000 ($650/SF)
Investment Highlights
- Hard corner lot frontage on Lomas Blvd & 5th downtown. Directly across from Metro & District Court, Dist. Attys, 1 short block from Federal Court.
- Zoned MX-FB approx. 1000 sf showroom with 9' x 7' walk-in vault. Fresh exterior paint, resent parking lot seal coat and striping on parking lot.
- Operating as a pawn shop for the past 50+ years. 1/2 mi to Convention Center, 1/2 mi to Historic Route 66, 1.2 mi to Historic Old Town.
- 2000 sq. ft. commercial retail building on .2531 acres with 18 premium parking places, concrete pole ballards surround all four sides of building.
- Excellent location for Law Offices, mere steps from Metro Court, District Court, Federal Court and District Attorney Building. Endless possibilities.
- Traffic Exposure 35,000+ vehicles pass by per day. Would also work well for a dispensary. Walk-in vault, front door roll down security gate.
Executive Summary
Building and land for sale with temporary lease back to property seller for 4 months to fulfill our pawned commitments.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,000 SF
Building Class
C
Year Built
1955
Price
$1,300,000
Price Per SF
$650
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.25 AC
Opportunity Zone
Yes
Zoning
MX-FB-UD - Mixed use, form based, urban development.
Parking
18 Spaces (9 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-014-058-164150-3-39-05 | Improvements Assessment | $24,850 |
| Land Assessment | $57,292 | Total Assessment | $82,142 |
Property Taxes
Parcel Number
1-014-058-164150-3-39-05
Land Assessment
$57,292
Improvements Assessment
$24,850
Total Assessment
$82,142
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Albuquerque Pawn Shop
Retail Space | 501 Lomas Blvd NW
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