ECONOMICAL LAND OPTIONS IN A GROWING LOCATION!

Vacant Land for Sale
Catylist Listing ID: 30382630
Property Subtypes: Multi-Family, Office, Self Storage, Other
Gross Land Area: 1 - 2.38 Acres
Sale Price: $4 - 6 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/23/2020

Overview / Comments

This location is a little different in a good way and one that offers a wide variety of acreage and development options at present. The site is located directly adjacent to the newly constructed VA Outpatient Clinic. The ownership is electing a 2.38 acre portion of the original 4.4 acres not needed for the development of this complex. It also sits directly adjacent to the Arbors of Del Rey Assisted Living Center. The developer of this complex currently has three acres for sale that was also purchased in excess for development for which they are choosing not to go forward with at this time. All of this combined with an willingness to explore division options pending the purchase intent adds up to a lot of possibility. The land offers a blending commercial zoning that can allow for service uses that include but are not limited to: general office, legal, medical, financial services, and insurance concepts. In addition it could also be developed for multi-family or mini storage. The most important element is that it is located just off of the I-25 & Highway 70 interchange which is where well over 60 percent of the cities growth is occurring. It is a perfect feeder point to capture sound existing traffic and feed in to this growth. Medical development and beyond also continues to flourish with Ben Archer Health Clinic also making a significant investment in the area with a 20+ acre land purchase and new facilities being constructed. This location can simply be a great opportunity to take advantage of the right land tract at the right time where a lot is happening at price points much lower than other area options. Please give us a call to discuss.

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Taxing Authority: Dona Ana County
Tax ID/APN: R0203267 (land will need to be legally divided for sale)
Zoning: C-3C & R-4C BLENDING ZONING
Property Located Between: Mars & Del Rey behind Ashley Furniture
Highway Access: I-25 & Highway 70
Airports: ELP & Las Cruces International
Zoning Description: Blended zoning of C-3 Conditional Services uses and R-4 Conditional uses per attached ordinance and City of Las Cruces guidelines.
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,349 56,847 104,714
Median Age: 38.55 35.98 34.6
Households: 2,511 22,663 41,627

Contact

Photograph of Listing Agent

Kary Bulsterbaum

Steinborn/TCN Commercial Real Estate
CARNM CIE Member
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