Underserved Big Box Retail Site with Possibility to Expand Acreage

Vacant Land for Sale
Catylist Listing ID: 13877083
Property Subtypes: Office, Retail, Other
Gross Land Area: 33,977 SF
Sale Price: $6 PSF
Total Price: $203,862
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/17/2017

Overview / Comments

A very unique site located in close proximity to an up and coming retail corner. Numerous nationally known retail names have located within the immediate area in recent years. The site sits adjacent to a larger amount of acreage to the rear property line for which the opportunity to purchase additional property if desired is possible. A wide variety of development options and zoning flexibility is available. Housing in recent years has expanded by over 1000+ roof tops within a one mile radius of the site. It is even more extensive within a three mile corridor. Traffic has continued to increase with a wide variety of retail concepts, newly built county public facilities and financial institutions. Supply versus demand short falls are evident for specific retail concepts. The site would also make a sound office location for the right concept as Dona Ana County has made a large investment in the area with the construction of the new county courthouse around the corner. Please take advantage of this unique opportunity.

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Tax ID/APN: 02-18687
Zoning: C-2
Market Type: Medium
Property Located Between: Motel & Picacho
Side of Street: South
Road Type: Paved
Property Visibility: Good
Legal Description: Dona Ana County Parcel #02-18687
Transportation: Bus, Highway
Highway Access: I-10 & Motel
Airports: ELP
Zoning Description: C-2 City of Las Cruces
Development Name: Motel/Picacho Corridor
Available Utilities: Electric, Water, Gas

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,462 47,759 105,499
Median Age: 29.09 35.89 34.64
Households: 2,721 18,651 41,779

Contact

Photograph of Listing Agent

Kary Bulsterbaum

Steinborn/TCN Commercial Real Estate
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