(Going Dark) Speedway Gas Station | Value-Add Redevelopment
Outparceled to Walmart & Lowe’s | 1.15 Acres
Marketing description
Value-Add Redevelopment Opportunity: ±3,000 SF former Speedway Gas Station on a ±1.15-acre lot with less than a year of lease term remaining, offering a clear path for re-tenanting or redevelopment following tenant departure.
Flexible Freestanding Asset: Ample parking and adaptable layout suitable for retail, QSR, casual dining, medical, automotive or other service uses.
Superior Traffic Capture: Situated on a lighted intersection, directly between the entrance and exit of the Walmart Supercenter parking lot, maximizing visibility and traffic flow from one of the area’s strongest retail anchors.
Short-Term Income with Upside: Tenant remains responsible for rent during the remaining lease term, providing residual cash flow while planning repositioning.
Exit Flexibility: Ideal for investors seeking either a short-term income play with upside potential, or developers looking for a prime redevelopment opportunity in a strong commercial corridor.
Investment highlights
Premier Big-Box Adjacency: Outparceled to the only Walmart Supercenter and Lowe’s in the trade area, driving consistent daily traffic to the site.
High-Performing Lowe’s: Ranks in the 77th percentile nationally and 79th percentile statewide for foot traffic (Alpha Maps).
Established Commercial Corridor: Riverside Dr., the primary north-south commercial spine of Española. High exposure, high traffic retail and services corridor connecting Santa Fe and northern New Mexico.
Established Regional Retail Hub: Surrounded by a strong mix of national brands including Taco Bell, Freddy’s, Starbucks, Chili’s, McDonald’s, Anytime Fitness, AutoZone, Denny’s, Champions Car Wash, Sonic’s, CVS, Walgreens, Domino’s, O’Reilly’s, AT&T, Dairy Queen, Big 5, Harbor Freight, and more.
Strong Traffic Counts: 26,000+ vehicles per day along the main street.
Casino-Driven Demand: Less than 2 miles away in both directions sits Ohkay Hotel & Casino and Santa Claran Hotel Casino with a total of 240+ rooms and approximately 30,000 SF gaming floors.
Growing Trade Area: Española supports a population of roughly 40,000 residents, with employment growth across health, professional services, retail, and construction sectors, and a median household income that has increased year-over-year, demonstrating improving consumer capacity in the market.
Regional Hub for Northern New Mexico: Española serves as a commercial and cultural hub for surrounding mountain and valley communities. It captures spending that historically went to Santa Fe, and recent reinvestment including expanding retail, food & beverage, services businesses and residential development.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
