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Retail For Sale
Iconic Route 66 Redevelopment Opportunity
500 Central Ave. SW, Albuquerque, NM 87102
Details
- Category Retail
- Type For Sale
- Sale Price $1,275,000.00
- Available Space ±12,859 SF
- Lot Size ±0.17 Acres
- Year Built 1906
- Zoning MX-FB-UD
Description
- High-visibility retail or mixed-use site
- Iconic 1906 historic building on the hard corner of Central Ave. & 5th St.
- Prime Route 66 frontage in the heart of Downtown
- Opportunity for mixed-use conversion to residential, boutique hotel or shop space
- Multiple store fronts with excellent visibility and multi-tenant flexibility
- Second-oldest restaurant location in Albuquerque (Lindy’s Diner)
- Two levels
- ±5,880 SF upper level (former hotel) is vacant and ready for redevelopment
- Adaptive reuse, value add, or full redevelopment opportunity
- Located within the Downtown Revitalization Corridor
- Property tax abatement and MRA funding available
- Surrounded by government, office, entertainment, and residential density
- Three of the bottom retail units are currently leased
Documents
Listing Advisors
Multifamily
Anthony Lotto III
- Office505.878.0001
- Direct505.998.1566
- Mobile505.389.8075
- Emailalotto@sunvista.com
Retail, Land & Industrial
Alexis Lovato
- Office505.878.0001
- Direct505.338.4106
- Mobile505.639.6433
- Emailalexis@sunvista.com
