HARD CORNER ON NEW MEXICO'S #2 BUSIEST INTERSECTION | OWNER-USER OR REDEVELOPMENT

Positioned at the southeast hard corner of Montgomery Blvd and San Mateo Blvd NE, this ±1.49-acre property offers exceptional visibility, accessibility, in-place income, and redevelopment potential at New Mexico’s #2 busiest intersection, with approximately 77,000 vehicles passing daily.

The property includes a vacant ±14,454 SF freestanding building with a drive-thru canopy and 64 parking spaces, presenting an excellent owner-user opportunity. A separate pad is leased to In & Out MVD through November 2030, generating approximately $32,175 in annual NNN income, with 3% annual increases and a personal guarantee. This existing income helps carry the property while an owner-user plans for occupancy or future redevelopment.

Access is a key advantage, with curb cuts on both Montgomery Blvd and San Mateo Blvd providing convenient ingress and egress from all directions. Prominent monument and pylon signage offer exposure to traffic approaching from both arterials.

The established Northeast Heights trade area provides a substantial customer base, with approximately 301,157 residents within five miles and 102,592 within three miles. Average household income within five miles is approximately $90,412, supporting a variety of commercial uses.

The property offers flexibility for owner-users and developers. The existing building may accommodate retail, restaurant, medical, office, or other commercial uses. MX-L zoning provides potential for retail, restaurant, grocery, medical, office, hotel, or multifamily redevelopment, subject to applicable approvals.

PROPERTY HIGHLIGHTS:

• Southeast hard corner of Montgomery Blvd and San Mateo Blvd NE, at New Mexico’s #2 busiest intersection
• Approximately 77,000 vehicles per day: 42,893 on Montgomery Blvd and 33,757 on San Mateo Blvd
• Curb cuts on both arterials, providing access from all directions
• Corner monument and pylon signage facing both traffic streams
• Approximately $90,412 average household income and 301,157 residents within five miles
• ±1.49 acres (65,066 SF); two parcels sold together, as-is
• Vacant ±14,454 SF freestanding building with drive-thru canopy and 64 parking spaces
• In-place NNN income from the 5260 pad leased to In & Out MVD through November 2030, currently generating approximately $32,175 annually, with 3% annual increases and a personal guarantee
• MX-L zoning with potential uses including retail, restaurant, grocery, bank, medical, office, hotel, and multifamily, subject to applicable approvals