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12500 Montgomery Blvd NE
Albuquerque, NM 87111 Eldorado Heights

Rate Upon Request

General Retail For Lease  •  1,000+ SF

Property Details

  • Property Type General Retail
  • Year Built 2003
  • Total Building Size 40,576 SF
  • Tenancy Multiple
  • Building Class B
  • Zoning MX-M
29 Transit Score
59 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste 103-143 Retail 1,000-10,500 SF Rate Upon Request
Caracol Plaza is undergoing a transformative redevelopment at one of Albuquerque’s most visible intersections—Tramway and Montgomery in the Far Northeast Heights. This high-traffic retail center is being reimagined with a fresh façade, upgraded parking, improved signage, and white-boxed interiors tailored for new tenants. With flexible suite sizes ranging from ±1,000 to ±10,500 SF, the center accommodates a wide variety of retail and service uses, including restaurant-ready spaces with existing infrastructure.
The property’s MX-M zoning supports a broad mix of commercial uses, and the ownership is committed to delivering spaces with new HVAC, exposed ceilings, stubbed utilities, and concrete floors—ready for tenant customization. Located in a dense residential area with strong household incomes averaging over $117,000 within a 3-mile radius, Caracol Plaza offers unmatched visibility and accessibility. Multiple ingress/egress points and a large surface parking lot enhance customer convenience.
Current tenants include a bar, salon, fitness center, nail salon, wellness spa, and a voting center, creating a steady stream of foot traffic. With over 40,000 vehicles passing daily and proximity to affluent neighborhoods, Caracol Plaza is positioned to become a vibrant retail destination for both local entrepreneurs and national brands.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Standard Retail
  • Space Type: Relet

Description

Welcome to Caracol Plaza, Albuquerque’s Most Anticipated Redevelopment Project. The time has come for a new vision for this Far NE Heights property that has so much potential for new retail offerings and a supportive community to make its transformation a success. New ownership has taken over and has big plans to rebrand the center, remodel the façade with new stucco and color palate, new parking lot, improve signage and is ready to white box the spaces for qualified tenants to allow for new retailers to pick the finishes and layouts with a blank slate. There are several suites with restaurant infrastructure to benefit from and several spaces can be combined for businesses needing a larger format than is currently offered. Qualified tenants can expect a white box delivery with a new HVAC unit, bare concrete floors, walls ready for tape/texture, exposed ceilings and utilities stubbed out to the back, ready for Tenant’s distribution. Come and be part of the new vision here at this high traffic corner of Tramway and Montgomery in the Far NE Heights.

12500 Montgomery Blvd NE offers flexible retail space options ranging from ±1,000 SF to ±10,500 SF with competitive lease rates and customizable layouts. The property features a large surface parking lot for customer convenience, prominent building and monument signage for maximum visibility, and multiple ingress/egress points for easy access. Positioned on a hard corner along Montgomery Blvd with exposure to over 40,000 vehicles per day, the center provides tenants with excellent visibility and a functional setting to support business growth.

Highlights

Hard-corner location with exposure to over 40,000 vehicles daily
Suites available from ±1,000 SF up to ±10,000 SF, suitable for a wide variety of retail and service uses
Excellent visibility along Montgomery Blvd NE, one of Albuquerque’s busiest corridors
Convenient on-site parking to accommodate both customers and employees
Dense residential neighborhoods nearby with strong average household incomes
Multiple ingress/egress points make it convenient for shoppers coming from surrounding areas

Property Flyers

Amenities

  • Pylon Sign
  • Signage

Major Tenants

Tenant SF Occupied Lease End Date
Howies Sports Page
Jazzercise 4/30/2017
Salon 21
Solarius

Public Transportation

Commuter RailDriveWalkDistance
18 min - 7.9 mi
AirportDriveWalkDistance
Albuquerque International Sunport 28 min - 12.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 177
Type: Surface
Included in Rent: Yes
Remsa Troy 505-337-0777 RESOLUT RE
Remsa Troy 505-337-0777 RESOLUT RE