New Mexico Retail

2001 Mountain Rd NW 2 Spaces
Albuquerque, NM
# Freestanding Building in San Felipe Plaza 2001 Mountain, NW is a 5,275 sq.ft. freestanding building located in the prominent San Felipe Plaza near Old Town in Albuquerque, New Mexico. This is a prime opportunity for a restaurant or well-established business to be the first to capitalize on this newly repurposed real estate and attract many customers from the surrounding affluent neighborhoods as well as from the many tourist and hotel and retail attractions nearby. Just 1/2 mile south of I-40 at Rio Grande Blvd., this lease or investment opportunity sits in the heart of some of New Mexico’s biggest attractions. Adjacent to the property is a 2-story parking garage offering its customers easy front door access. The property enjoys excellent street visibility with 3 sides of building signage and exposure to the many bicyclists and pedestrians riding or walking to and from the nearby Museums, shops in Old Town and surrounding hotels. This freestanding building is in close proximity to the mixed use Sawmill District and the Brewery District offering many of Albuquerque’s popular craft beers. The future roof deck offers spectacular views of the impressive Sandia Mountains to the east, Albuquerque’s vibrant downtown district to the south, mesas and the Rio Grande River to the west and the affluent north valley shops and neighborhoods to the north. An architect’s rendering and proposed restaurant floor plan addresses the potential for roof deck access from the parking garage as well as from inside the building. Additional seating may be available on the portico and outdoor patio that wraps the building at ground level. Call now to get more information on this one-of-a-kind property! Features - >Outdoor Patios & Potential Roof Deck - >Tenant Improvements Available - >Restaurant/Tap Room/Retail Opportunity - >New Owner Looking to Re-purpose Building - >Close to Downtown, Museums, Old Town, Hotels and I-40 - >2 Story Attached Garage with 180 Spaces - >Co-Tenant: Seasons Grill, Studio SW Architects, First National Rio Grande Bank

New Mexico

Office Space Market Report

Number of Listings (last 90 days)
653
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
2,160
As of: January 17, 2017

New Mexico Rates

The typical asking rate per listing is in the $20's per square foot per year. The New Mexico submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 5% increase in rent.

New Mexico Listing Supply

In the last 90 days, 716 listings have been made available, so you'll want to check back regularly for new listings. About 1% of the office spaces in the New Mexico are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,160 sqft. Most properties in this region are close to 1 stories. Most buildings in this area were built in 0 and are Class B.

New Mexico Community

Market Report

Trends and status of the commercial real estate market in New Mexico.
Market Report

Market Data

Real time and historical data on commercial real estate listings in New Mexico.
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