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
Cap Rate: Undisclosed
Last Updated: 3/18/2019

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

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North I-25
Tax ID/APN: ABQ95184
Zoning: NR-LM - Non-residential: Light Manufacturing
Property Located Between: Interstate 25 and University
Property Visibility: Excellent
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

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,502 130,919 332,478
Median Age: 33.79 36.9 37.2
Households: 4,634 59,548 140,704
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.