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1000 Rio Grande Blvd NW

Sawmill Area, Albuquerque, NM
Total Size
945 sqft
Zoning
C-2
Year Constructed
0
Year Renovated
0
Building Class

About 1000 Rio Grande Blvd NW

A high trafficked, high profile site development opportunity at the SEC of the I-40 and Rio Grande Blvd interchange in the tourist area of Albuquerque, NM. Zoned C-2 Commercial, the 60,000+ SF site is currently being operated as a service station/convenience store operation. The lease with the service station operator has less than 12 months remaining and could potentially be terminated earlier. In addition, there are two additional rent components on the property – a cell tower lease with multiple 5-year options currently @ $1,209/mo located at NEC of property and an ATM lease with Wells Fargo @ $943/mo, which is set to expire January 2013. The owner is looking to sell this property with a deed restriction prohibiting the site from future use as a service station/convenience store. The site has good accessibility, including a left-in and left out onto Rio Grande Blvd. Furthermore, there is a 50’+ pylon sign that creates extensive freeway visibility for east and westbound I-40 traffic with I-40 traffic flows at close to 145,000 cars/day in this stretch of I-40 and over 27,000 cars/day along Rio Grande Blvd. In addition, there are some strong activity generators in the immediate area with Hotel Albuquerque (a full service hotel development) and the Old Town tourist district. Potential reuses include hotel development, sit-down and fast food restaurants and other service retailers. The ability exists to create two 30K+/- pad sites. In addition, my client would also consider build-to-suit and/or ground lease.

The property can be conveyed with removal of underground tanks and building improvements and a clean bill of health. - Tenancy: Multiple Tenants

Internet Providers for 1000 Rio Grande Blvd NW

Provider Technology Max Download Speed Max Upload Speed
Comcast Cable
1 Gb/s
25 Mb/s
CityLink Telecommunications Fiber
1 Gb/s
1 Gb/s
CenturyLink DSL
50 Mb/s
25 Mb/s
MegaPath DSL
25 Mb/s
25 Mb/s

The Neighborhood: Sawmill Area

Most listings are in the $30's per square foot per year. The Sawmill Area region is going through a a boost in rates. In the last 3 months, the median rate increased $36 per sqft per year.

Median Rate Median Size
Sawmill Area $36
/sqft/yr
5,280
sqft

Median Rate over Time in Sawmill Area