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601 NE Juan Tabo Blvd - Pad Sites at Juan Tabo and I-40 1.77 - 2.47 Acre Commercial Land Lots Offered at $2,595,614 - $3,214,098 CAD Per Lot in Albuquerque, NM 87123
INVESTMENT HIGHLIGHTS
- Highly visible and easily accessible retail pad sites in a high-traffic location at Juan Tabo and Interstate 40.
- Presented as a flexible development opportunity for quick-service restaurants, hotels, car washes, or multi-tenant retail use.
- This is an established retail hub home to Hobby Lobby, Starbucks, Goodwill, Olive Garden, and many others.
- Shadow-anchored by the top 25% performing Olive Garden in the county and surrounded by strong demographics.
EXECUTIVE SUMMARY
Prime Accessibility:
Located just off the first westbound Interstate 40 exit, the area is a gateway for commuters heading into the city or toward residential neighborhoods. Juan Tabo Boulevard is a vital artery, connecting the site to thousands of daily drivers and shoppers.
Robust Local Economy:
Proximity to major employers like Sandia National Laboratories and Kirtland Air Force Base (combined workforce exceeding 33,000) drives consistent demand for convenience retail and dining. These employees are your built-in customer base, just minutes away.
Affluent, Growing Community:
The 87123 ZIP code boasts a stable population of families and professionals with solid purchasing power. Northeast Heights is known for its residential density and community loyalty, ensuring tenants thrive here.
Retail Momentum:
The area’s existing commercial success—evidenced by Olive Garden’s recent investment and nearby national chains—signals a strong, developer-friendly market. Yet, gaps remain for innovative retail or quick-service concepts, offering a first-mover advantage.
Lifestyle Draw:
Backed by the stunning Sandia Mountains, the Northeast Heights blends urban convenience with outdoor appeal. Residents enjoy hiking, biking, and a high-quality life, making this a magnet for businesses catering to active, engaged consumers.
PROPERTY FACTS
| Price | $2,595,614 - $5,809,712 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 2 | Total Lot Size | 4.24 AC |
| Property Type | Land | ||
| Zoning | Commercial | ||
| Price | $2,595,614 - $5,809,712 CAD |
| Sale Type | Investment |
| No. Lots | 2 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 4.24 AC |
| Zoning | Commercial |
2 LOTS AVAILABLE
Lot Pad A
| Price | $2,595,614 CAD | Lot Size | 1.77 AC |
| Price Per AC | $1,466,448.70 CAD |
| Price | $2,595,614 CAD |
| Price Per AC | $1,466,448.70 CAD |
| Lot Size | 1.77 AC |
This is a rare development opportunity of two pad sites in Albuquerque’s vibrant Northeast Heights. These pad sites are strategically positioned in a bustling retail corridor, an ideal investment for a developer.
Lot Pad B
| Price | $3,214,098 CAD | Lot Size | 2.47 AC |
| Price Per AC | $1,301,254.05 CAD |
| Price | $3,214,098 CAD |
| Price Per AC | $1,301,254.05 CAD |
| Lot Size | 2.47 AC |
This is a rare development opportunity of two pad sites in Albuquerque’s vibrant Northeast Heights. These pad sites are strategically positioned in a bustling retail corridor, an ideal investment for a developer.
DESCRIPTION
Rare development opportunity with two pad sites in Albuquerque’s vibrant Northeast Heights. These pad sites are strategically positioned in a bustling retail corridor, making them an ideal investment for a developer. The 601 Juan Tabo Boulevard NE property comprises two prime pad sites for development in Albuquerque’s thriving Northeast Heights. The pad sites are positioned along a busy commercial corridor, offering approximately 1.77 to 2.47 acres ready for retail, dining, or service-oriented builds. With a recently remodeled Olive Garden, the site benefits from its placement in an established retail node with excellent visibility and access. Key features include: Strategic Positioning: Situated on Juan Tabo Boulevard, a major thoroughfare, with proximity to Interstate 40 (over 78,000 vehicles daily), ensuring high traffic counts and easy commuter access. Surrounding Amenities: Neighbors include national brands such as Hobby Lobby, Starbucks, and a new Maverick gas station, creating a synergistic retail environment. Development-Ready: Flat, usable land with existing infrastructure nearby reduces site prep costs and speeds up construction timelines. Zoning Advantage: Zoned for commercial use, ideal for pad site staples such as a drive-thru, small retail, or professional services. The 2.47-acre pad site is perfect for hospitality (variance needed).
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $65,368 CAD | |
| Land Assessment | $389,219 CAD | Total Assessment | $454,587 CAD |
PROPERTY TAXES
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601 NE Juan Tabo Blvd - Pad Sites at Juan Tabo and I-40
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