Shopping Center for Lease
Lease Pending
Also listed as Retail-Commercial, Office
Catylist Listing ID: 30019607
Property Subtypes: Mixed Use, Neighborhood Center, Strip Center, Other
Status: Pending
Contiguous Space: 5,375 SF
Gross Building Area: 52,197 SF
Lease Rate: $10 PSF (Annual)
Base Monthly Rent: $4,479
Lease Types: NNN
In Opportunity Zone? Yes
Usable Size (USF): 52,197 SF
Last Updated: 1/18/2022

Overview / Comments

This facility is centered on value. If you cater to a thrifty and unique shopping base this would be a great location to make your focal point. The Downtown Las Cruces shopping market is in need of unique retail anchors that can provide a fresh perspective to the local scene. This center is an immediate walking distance to "Main Street" Las Cruces which has seen multiple new facilities surface in recent years with more on the way. There has been a major commitment to infrastructure improvements and beyond You can make a strong case that unique opportunities exist for grocery concepts, entertainment venues, specialized retail, general merchandise and beyond that add value added retail to the area. This location has historically proved to be a very solid location for recession resistant retailers that cater to a frugal and budget minded shopper due to surrounding demographics. However, with the expansion of the downtown revitalization and the desire for additional concepts within walking distance, the doors appear to be open for a wide variety of other possibilities. The existing traffic here is solid and very visible. It is well known due to it being right across the street from the main district courthouse, Branigan Library and the newly built Las Cruces City Hall. It truly has and will be one of the primary shopping centers in this corridor for years to come and possibly one of its biggest opportunities. Please give us a call today to discuss.

Expand All Available Space

Suite: 140 5,375 SF $10 PSF (Annual) NNN
Status: Pending
Space Available: 5,375 SF
Lease Rate: $10 PSF (Annual)
$4,479 (Monthly)
Lease Type: NNN
Date Available: 11/14/2016
Space Type: Relet
CAM Expenses $1.50 PSF (Annual)

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Taxing Authority: Dona Ana County
Tax ID/APN: 4-007-134-128-484
Zoning: C-3
Retail Clientele: General, Family, Business, Recreation, Other
Property Located Between: Corner of Picacho & Main
Property Visibility: Excellent
Airports: ELP & Las Cruces International
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1955
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: C-3 per City of Las Cruces Guidelines
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,954 79,222 114,127
Median Age: 36.35 33.37 34.92
Households: 6,647 31,647 45,496


Photograph of Listing Agent

Kary Bulsterbaum

Steinborn/TCN Commercial Real Estate
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