220 Tramway Blvd SE

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220 Tramway Blvd SE

albuquerque, NM 87123
Asking Price
$2.78M
Asset Type
Retail
Class
Class B

What's Special

Located at 220 Tramway Blvd SE, this retail property sits within the Four Hills neighborhood of southeast Albuquerque. The site is situated along a primary north-south arterial, offering visibility near the signalized intersection of Tramway Boulevard and Central Avenue (Route 66). The surrounding area features a mix of established residential communities, local shopping centers, and recreational trailheads at the base of the Sandia Mountains. Access to the regional transportation network is provided via nearby Interstate 40, which is less than one mile from the property. The layout and positioning of this asset make it well-suited for diverse retail operations, including service-based businesses, specialty shops, or neighborhood convenience centers. Typical tenants for this corridor include fitness studios, food and beverage providers, and professional services that benefit from the daily commuter patterns between East Mountain residents and the city center. Given its proximity to regional parks and high-traffic thoroughfares, the location supports businesses seeking a balance of local residential patronage and regional vehicle exposure.

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NOI
$80,000
Cap Rate
2.88%
DSCR
0.48
Underwater
Cash-on-Cash
-10.20%
Monthly Payment
$13,753.923
Annual Cash Flow
$-85,047.078

Location & Travel Times