7.34 Acres Near New Wal-Mart on Northrise and Roadrunner

Vacant Land for Sale
Catylist Listing ID: 28615651
Property Subtypes: Office, Retail
Gross Land Area: 7.34 Acres
Sale Price: $4.50 PSF
Total Price: $1,438,786
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/15/2017

Overview / Comments

This tract is located in the emerging Highway 70/Roadrunner corridor and offer multiple entry points. The tract can also be readily divided for purposes of sale. The traffic count continues to increase steadily at this location and it has proven to be a successful development for multiple development concepts, especially with the new Wal-Mart location at Northrise/Rinconada. Area economic statistics indicate significant demand gaps versus the available supply for a wide variety of retail services. The revenue generation for retail business within this development has been significant and expanding. Retailers can make a strong case and substantiate that the location supports a trade area much more significant than a one mile radius due to the site dynamics. Immediate proximity to a substantial housing base and growing traffic patterns.It is definitely located in the major growth corridor for years to come.

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Tax ID/APN: 02-27558
Zoning: PUD
Market Type: Medium
Side of Street: North
Road Type: Paved
Property Visibility: Excellent
Highway Access: Immediate access to Hwy 70 and I-25. Very close proximity to I-10
Airports: El Paso International Airport

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,523 58,088 106,631
Median Age: 33.19 35.26 34.54
Households: 679 22,928 42,278
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