Catylist ID: #29986914
Menaul and University
Vacant Land for Sale
|Catylist Listing ID:||29986914|
|Property Subtypes:||Hospitality, Retail, Other|
|Gross Land Area:||3.20 - 6.49 Acres|
|Sale Price:||See Agent|
|Sale Terms:||Cash to Seller, Owner Financing|
Overview / Comments
Incredible visibility from Interstate 25. Great site for auto sales, hotels, restaurants and many more.
Existing income in place; all short-term leases from existing building tenants and yard leases.
MRCOG 2040 Futures Plan depicts a preferred transit network (BRT/ART Route) connecting the Airport via University to Journal Center (in front of this site).
Onsite pylon sign with freeway visibility.
Traffic Counts: Menaul – 23,450 CPD (per MRCOG, 2014)
University – 21,790 CPD @ University and Indian School (no data at Menaul)
Interstate 25 – 176,300 CPD
Dimensions: 900’ x 365’ (approximately)
Zoning: NR-LM Light Manufacturing (City of Albuquerque)
Building: 14,000± sf multi-tenant retail/office (partially leased)
The site has a wide range of possibilities, given the recent opening of Galles Chevrolet at Candelaria and University - this site is prime for redevelopment.
The site could also be redeveloped into retail pads (200’ to 360’ deep), with possible uses including; entertainment venue, hotels, restaurants or many other uses requiring high visibility.
Located at the crossroads of the City and State; the property has the ability to serve as a regional draw for users looking to service a large geographic area.
Attachments & Media
|Zoning:||NR-LM - Non-residential: Light Manufacturing|
|Property Located Between:||Interstate 25 and University|
|Legal Description:||TR of LD in SEC 9 T10N R3E in the S/2 SW/4 SE4 NE/4 exc the se’ly port out to R/W at the NW Corner of Menaul & University & Exc a w’ly port out to R/W at Menaul & I-25|
|Proximity:||1 mile||3 miles||5 miles|
|The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|