Absolute Real Estate
Listed by Absolute Real Estate
$384,000
4565 Juan Tabo Boulevard NE
Details
Property Type Retail, Land
Sub Type Commercial
Square Footage 1
Cap Rate 2.20%
Occupancy 100%
Tenancy Single
Lease Type Net
Remaining Term 27
Price per SqFt $24
Price Per Acre $1,035,714
Acreage 0.420
Zoning NR-C
Instant income with cell tower lease!
Marketing description
Seize this rare opportunity to transform 4565 Juan Tabo NE, a 0.4174-acre commercial property in the heart of Albuquerque's desirable Northeast Heights. Zoned NR-C (Non-Residential Commercial), this site offers endless potential for development. Key Features: Sale includes the cell tower lease. 27 years remaining on a 30 year lease at $800 per month. High-visibility location with access from Montgomery Blvd Versatile zoning allowing for a range of commercial uses Owner willing to demolish existing structures for redevelopment Strong area demand with proximity to established businesses and residential communities. Ideal for investors, developers, and owner-users looking to capitalize on a high-growth corridor in Albuquerque. Cell tower provides instant income.
Investment highlights
Seller will consider owner financing with 25% down, the remaining balance carried at 6% interest amortized over 15 years, with a 5 year call.
Listing Contacts
Absolute Real Estate
Listed by Absolute Real Estate
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