Large Office Building on the Downtown Mall

Office for Sale
Sale Pending
Catylist Listing ID: 29819936
Property Subtypes: Mixed Use
Status: Pending
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: 4/9/2018

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. The conversion of Water Street to a Two-way street is nearing completion. The New Construction at the Corner of Main and Amador is also nearing completion. This corner will become a destination place in the very short future.

Attachments & Media

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Taxing Authority: Dona Ana County
Tax ID/APN: 02-24744
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
The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.