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: 7/13/2017

Overview / Comments

655 East University is the last large 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. The location is perfect for a small strip center and a large Restuarant that will immediately gain visibilty from the Convention Center.

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. The last parcel on University Avenue within walking distance of the Convention Center.

Contact Agent for more details on the ###Will Build to Suit###.

Convention Center is scheduled to open late 2010 and the Hotel will be open about the same time. This location is perfect for a Large Restaurant or two Restaurants with shared parking.

Additional Details

Nearest MSA: Las Cruces
County: 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

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,847 65,370 101,515
Median Age: 27.05 33.87 34.97
Households: 5,149 26,527 40,687

Source

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