1.81 Acres M1 Land With Several Old Structures

Vacant Land for Sale
Catylist Listing ID: 29533701
Property Subtypes: Industrial, Self Storage
Gross Land Area: 1.81 Acres
Sale Price: $275,000
Unit Price: $151,933 Per Acre
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 11/23/2020

Overview / Comments

A very economical 1.81 acre M-1 lot located in close proximity to the Motel, I-10 and Picacho. The lot is also located in close proximity to the Dona Ana County Courthouse, local area truck stops, national known office warehouse concepts, and numerous other state and local office installations. The variety of development options for office or industrial based concepts is evident. Lot currently has an old home that could be utilized as an office if needed as well as an old metal and adobe building currently being utilized as an auto repair shop. The location can be easily fenced and is well laid out for a significant amount of square footage to be developed. The additional visibility and continued area growth also make it a sound investment for future years. Owner will consider short term owner financing.

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Tax ID/APN: 02-00473
Zoning: M1
Market Type: Medium
Side of Street: West
Road Type: Paved
Property Visibility: Good
Largest Nearby Street: Picacho and Hadley
Transportation: Bus, Highway, Airport
Highway Access: Close proximity to I-10, I-25 and Hwy 70
Airports: El Paso International Airport
Area Description: Located in the industrial hub of Las Cruces
Zoning Description: M-1 - Light Industrial

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,988 62,204 116,787
Median Age: 32.47 34.47 35.34
Households: 2,386 24,674 46,660
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