Large Office Building on the Downtown Mall

Office for Sale
Catylist Listing ID: 29819936
Property Subtypes: Mixed Use
Building Size (RSF): 9,597 SF
Gross Land Area: 10,285 SF
Sale Price: $499,000
Unit Price: $52 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: 300 S Water Street
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/22/2017

Overview / Comments

300 S Water Street is located at the Southwest Corner of the the Las Cruces Downtown Mall Area. The Downtown Mall is under going a resurgence and re-development. This property is perfect as an investment or also as an owner user. The last appraisal in August 2014 was $600,000. Priced well below appraisal. With recent development occurring with the property across the street, this will become a great location. Water street is now being re-constructed as a two street. The visibility will be much better.

Attachments & Media

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Taxing Authority: Dona Ana County
Tax ID/APN: 02-24744
Zoning: SPECIAL ZONING DOWNTOWN MALL
Market Type: Medium
Side of Street: West
Road Type: Paved
Property Visibility: Excellent
Transportation: Bus, Highway, Airport, Taxi
Highway Access: Interstate 10 and Interstate 25
Airports: El Paso International
Area Description: Mixed use, located at the South end of the Las Cruces Downtown Mall.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1960
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Parking Description: Street and Common Parking

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,324 77,148 115,795
Median Age: 36.89 32.87 35.05
Households: 5,729 30,853 46,137
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