Retail-Commercial for Sale
Also listed as Vacant Land, Office
Catylist Listing ID: 30271780
Property Subtypes: Free-Standing Building, Mixed Use, Other
Building Size (RSF): 10,271 SF
Gross Building Area: See Agent
Gross Land Area: 5.23 Acres
Sale Price: $1,600,000
Unit Price: $155.78 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: 10271
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/18/2019

Overview / Comments

This is an exceptional location just off of Telshor near Mesilla Valley Mall and an equal distance between the two established local hospitals. The development opportunities could be very unique and diversified in the form of multi-family, religious, assembly, recreational, artistic, charitable, medical, and so much more. It is very rare that this much acreage is still available for development within the prestigious Telshor corridor of Las Cruces. It allows for an immediate access to a large number of rooftops and potential customers along with proximity to a large employment population and business base. Demographic highlights for this area include but are not limited to:
* 25,000+ employees within a 2 mile radius of the site
* 1,500+ business establishments within a 2 mile radius of the site
* 41% of the one mile population holding a bachelors degree or higher
* 64% of the two mile population being classified as white collar employed

The immediate proximity has a very healthy level of multi-family absorption and the ability to provide unique housing options with quick access to area retail is very apparent.

The improved building itself can also be an asset. It has historically been utilized as a assembly hall for bingo, and a wide variety of community based events. Its wide open layout can possibly make it very adaptable to a wide variety of other concepts.

This location may one of the more unique opportunities on the market. Give us a call today to discuss.

Attachments & Media

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Taxing Authority: Dona Ana County
Tax ID/APN: R0214102
Zoning: R-4
Retail Clientele: General, Business, Convention, Other
Property Located Between: Idaho & Telshor
Property Visibility: Good
Highway Access: I-25 & Lohman
Airports: ELP & Las Cruces International
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1965
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: R-4 per City of Las Cruces Guidelines
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Dona County Account R0214102

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,477 65,291 106,105
Median Age: 30.69 33.4 34.86
Households: 6,165 26,974 42,538


Photograph of Listing Agent

Kary Bulsterbaum

Steinborn/TCN Commercial Real Estate
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.