30 Million Dollar Retail Trade Gap Acreage off HWY 70

Vacant Land for Sale
Catylist Listing ID: 28733262
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 1 - 24 Acres
Sale Price: $6 - 10 PSF
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/16/2017

Overview / Comments

This land option could be one of the most compelling from a commercial perspective within the entire East Mesa corridor. The location currently offers a $30 million dollar retail trade gap within a one mile radius of the site and supports a trade area that is well beyond a three mile radius. The tract has so many unique features that include but are not limited to: Being located directly across the street from a major area public high school, offering total frontage & visibility off of Highway 70 that is second to none, highway exit & frontage road access for which multiple entry and cross access points can be developed, and above all else is immediately surrounded by area housing that is located in the heart of the fastest growing density of housing in entire Las Cruces area. The immediate area has an evident shortage of full service restaurant and dining related concepts at minimum. Other possible land uses would include but not be limited to: Automotive Dealers & related supply, Hardware & General Merchandise, Lodging, Health & Personal Care, Communications Concepts, Financial Services, and Medical. The location would also be well served by Multi-family and general office development in addition. Please take advantage of this of this very unique opportunity.

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Tax ID/APN: 02-15850
Zoning: C-3C & O2-C
Market Type: Medium
Property Located Between: Highway 70 & Mesa Granda, Onate High School Side
Road Type: Paved
Property Visibility: Excellent
Legal Description: C-3C & 02-C zoning per City of Las Cruces Guidelines
Largest Nearby Street: Mesa Grande
Transportation: Highway
Highway Access: Highway 70 & Mesa Grande, Onate High School Side
Airports: ELP & Las Cruces International
Topography: Level

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,042 22,305 68,359
Median Age: 28.98 34.26 34.83
Households: 1,290 8,404 26,562

Contact

Photograph of Listing Agent

Kary Bulsterbaum

Steinborn/TCN Commercial Real Estate
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