9301 Candelaria Road NE

About this property

Available first time in 50 years, NE Heights office/retail, 7.41% cap rate, potential seller financing.On behalf of the owners, Maestas Real Estate Services and NM Apartment Advisors are excited to bring to market this amazing, once in a generational opportunity to redevelop a site that is A+ location.A Northeast Heights Landmark Since the 1950s, built in 1956, Chaparral Center has been part of Albuquerque's Northeast Heights for nearly 70 years, dating back to a pivotal period when the city was rapidly expanding eastward and many of the surrounding neighborhoods were first taking shape. The property sits immediately adjacent to Sombra del Monte Elementary School, established in 1954, creating a longstanding connection between the center and the residential community that has grown around it. The property also has deep roots in Albuquerque's real estate history as a many decade long hub of real estate and beauty salon spaces.Today, Chaparral Center remains ideally positioned within a mature and established No