Value Add Retail Redevelopment Potential
102 Caldwell Ave Belen, NM 87002

Overview
This prime location boasts an existing shopping center with excellent visibility on Reinken Ave. The property features multiple pad sites available for development, ranging from half an acre to over one acre in size. Additionally, a spacious 14,250 square foot junior anchor space is currently vacant. Previously occupied by Bealls, this space offers a wide-open floor plan with built-out dressing rooms on both ends. For maximum exposure, the shopping center includes two monument signs: one facing Reinken Ave and another attached to the building itself. Building facade signage with multiple end cap opportunities is also available. Ample parking and convenient access are ensured by a full connection to Reinken Ave. An added benefit is the CU Anytime ATM positioned right next to the monument sign on Reinken Ave, generating additional customer traffic.
- 15 minutes away from the approved Arcosa Wind Tower Development
- Wide open floor plan
- Fronting E Reinken Ave
- Ample parking
- Full access
- Facade and monument signage
- Onsite CU Anytime ATM generating $430.46 monthly, leased through March 31, 2033
- High vacancy allows for creative leasing strategies, repositioning, or redevelopment to meet evolving tenant demand
- Available spaces range from 1,360 to 14,250 square feet
Attachments
For Sale
Secondary Uses: Strip Center
- Building Size
- 42,490 SF
- Acres
- 4.37 ac
- Is Vacant
- Yes
- Zoning
- C-1
- Zoning Description
- General Commercial
- Building Name
- Del Rio Plaza
- Year Built
- 1980
- Submarket
- Belen
- Property Use Type
- Vacant/Owner-User
- Property Status
- Existing
- Vehicles Per Day
- 13,561 VPD
- County
- Valencia
- Created
- 2025-08-11
- Updated
- 2025-08-14
- Listing ID
- ea41a82d
- Parcel APN
- 1008028104218000000