Prime Commercial location across from the New Convention Center

Vacant Land for Sale
Catylist Listing ID: 1989165
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Other, General
Gross Land Area: 90,025 SF
Sale Price: $1,500,000
Unit Price: $16.66 PSF
Land Splits Available: Yes
Sale Terms: Cash to Seller, Owner Financing, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 8/24/2018

Overview / Comments

655 East University is the last privately owned parcel of land available for Development on University Avenue. This property is located across University Avenue from the Brand New City of Las Cruces Convention Center. And is close to an exit on Interstate 10.
The brand new Marriott Courtyard Hotel will be opening in the spring of 2019. The City of Las Cruces has already approved an expansion of the Convention Center to add an additional 25,000 SF. This location is perfect for a small strip center and a large Restaurant that will immediately gain visibility from the Convention Center. The zoning falls under the University Corridor Plan and is very flexible for many types of uses.

With over 2.07 acres of prime commercial land, the development possibilities are excellent. Seller will sell the land or will develop and lease back to the right Tenants. This last parcel on University Avenue is within walking distance of the Convention Center.

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Taxing Authority: Dona Ana
Tax ID/APN: 02-26594
Zoning: UAC-5B
Market Type: Medium
Property Located Between: University & Main
Side of Street: North
Road Type: Highway
Property Visibility: Excellent
Legal Description: 3252 - Hadley Centre Tracts Lot 4
Largest Nearby Street: University
Feet of Frontage: 305
Transportation: Highway
Highway Access: I-10
Airports: El Paso International
Site Description: See Attached Documents
Area Description: Mixed Use Retail & Commercial.
Lot Frontage: 305
Lot Depth: 215
Zoning Description: This property is zoned Commercial. It is included in the University Avenue Corridor Plan. See attached Documents for more details.
Development Name: Hadley Centre
Topography: Level
Easements: Other
Easements Description: Utility
Soil Type: Sandy
Available Utilities: Electric, Water, Gas, Cable, Broadband

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