Vacant Land for Sale
Catylist Listing ID: 30277070
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 1.37 Acres
Sale Price: $110,000
Unit Price: $80,291 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2018

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 entries 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 very unique opportunity.

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Zoning: C-2
Property Located Between: Bataan Memorial & Jornada
Property Visibility: Excellent
Legal Description: Dona Ana County Account #R0215820
Largest Nearby Street: Jornada North & Bataan Memorial West
Highway Access: Hwy 70 & Mesa Grande, loop around to Bataan Memorial West
Airports: ELP & Las Cruces International
Zoning Description: C-2
Topography: Level
Available Utilities: Electric, Gas
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,428 31,042 75,999
Median Age: 30.84 35.14 35.11
Households: 2,906 11,751 29,766


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.