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Value Add Retail Redevelopment Potential

102 Caldwell Ave Belen, NM 87002

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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

For Sale

Retail

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

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