Infill Opportunity - 4.11 Acres Zoned R-3 Walnut & Griggs

Vacant Land for Sale
Catylist Listing ID: 29939772
Property Subtypes: Hospitality, Mobile Home Park, Multi-Family, Residential (Single Family), Other
Gross Land Area: 4.11 Acres
Sale Price: $360,000
Unit Price: $87,591 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/15/2021

Overview / Comments

Excellent location for multi-family development. Surrounded by city owned land and lots of rooftops. 4.11 Acres available zoned R-3.

Possible Uses Include:

Apartments (not to exceed ten attached units and may include condominiums)
Assisted Living
Boarding house
Detached, site-built, single-family dwelling unit
Fraternity house/sorority house
Home for disabled
Manufactured dwelling unit
Mobile home park (see section 38-57)
Patio homes
Temporary/homeless shelter
Youth hostel

The R-3 district is a medium density multi- dwelling district allowing up to 20 dwelling units per acre. Single-family site-built/manufactured, patio homes, townhomes, apartments (in any configuration/grouping not exceeding the density or ten attached unit limit) and mobile home parks are the only types of housing permitted in this zone.

Attachments & Media

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Tax ID/APN: 02-09631
Zoning: R-3
Property Visibility: Good
Highway Access: I25, I10, Hwy 70
Airports: El Paso International Airport

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,340 82,619 113,293
Median Age: 32.97 34.33 34.86
Households: 5,755 33,689 45,144
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.