3500 Central AveAlbuquerque, NM 87106

For Lease
$20-$24 /SF/YR

Albuquerque shopping center, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 10,567 square foot retail shopping center, situated on a 1.72-acre lot at 3500 Central Ave SE in Albuquerque, New Mexico, presents a unique investment opportunity. Built in 1949 and proudly listed on the Bernalillo County Historic Places Register, this landmark property boasts a prominent location in the University submarket, establishing it as Albuquerque's first shopping center. Currently, there are 5,483 square feet of vacant space available, divisible into units ranging from 754 to 1,940 contiguous square feet, offering flexibility for various retail concepts. The center benefits from high visibility with monument signage on Central Avenue and convenient customer parking (2 hours free). The property is zoned MX-M and enjoys a strong tenant base, including established local favorites such as Scalo's, Gecko's, and Cinnamon Cafe, as well as La Montañita Co-op, the only grocery store in Nob Hill. This presents a rare chance to acquire a piece of Albuquerque's history and a thriving retail center in a highly desirable location. The property's rich history and prime location within the vibrant Nob Hill community offer significant potential for future growth and return on investment. The available space provides an excellent opportunity for expansion or the addition of new businesses to this already successful center.

Highlights

  • Historic Nob Hill retail center at Central & Carlisle Aves.
  • 10,567 SF retail center, 5,483 SF vacant, divisible spaces (754-1,940 SF).
  • Houses Nob Hill's only grocery store, plus diverse restaurants, cafes, and shops.
  • Offers free customer parking on-site and in adjacent lot.
  • Locally owned for over 20 years; strong tenant base.

Property Details for 3500 Central Ave

Property type
Lifestyle centers, Power centers
RSF (Rentable sq. ft)
10,567 SF
Year Built
1949

Unit(s) available at that property

Space
Suite 108
Size
1,475 SF
Rate per SF
$24
Space
Suite 9
Size
1,940 SF
Rate per SF
$20
Space
Suite 7B
Size
1,314 SF
Rate per SF
$24
Space
Suite 109-B
Size
754 SF
Rate per SF
$24

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.079298
Longitude
-106.604981
3500 Central Ave, Albuquerque, New Mexico

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3500 Central Ave
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