MULTIPLE VALUE ADDED USES & POTENTIAL

Retail-Commercial for Lease
Also listed as Office
Catylist Listing ID: 30655510
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Tavern/Bar/Nightclub, Other
Contiguous Space: 1,250 - 13,365 SF
Building Size (RSF): 13,365 SF
Gross Land Area: 90,605 SF
Lease Rate: $13.50 - 20 PSF (Annual)
Base Monthly Rent: $15,035 - 22,275
Lease Types: NNN
Usable Size (USF): 13,365 SF
Last Updated: 10/4/2020

Overview / Comments

If you are looking to find value, create it, and possibly reimagine a commercial location that already has a quality build out and potential that is evident, you have to consider this location and structure. This is a very visible and stand alone location that can possibly adapt to a wide variety of uses. This is not to say the current use as a bar and night club is not the highest and best use for the site. The existing ownership will even consider leasing back the facility for an agreed to period of time. The location truly offers some unique dynamics with good visibility and access off of Interstate 10 and immediate adjacent access to New Mexico State University (NMSU) and numerous high profile attractions on its main campus and beyond. A retailer here can truly offer a facility that is accessible to the existing student and employee base of NMSU and immediate access to the affluent local area of Mesilla Park and the community of Mesilla. The quick Interstate access also makes it accessible to the entire community beyond those within a quick driving distance. Numerous and significant retail gaps exist in terms of supply and demand within one mile of this facility if the goal is to adapt this facility to an alternative use. A more detailed analysis indicates that possible alternative concepts ripe for the location would include but not be limited to:
* Unique Automotive
* Unique Home Furnishing
* Building Supply & Home Improvement
* Specialty Grocery
* General Merchandise
* Indoor Sports and Recreation
* Community Based Buildings & Convention Facilities
* Religious Institutions & Facilities
* Trade School Operations
* AND OTHER UNIQUE OFFICE CONCEPTS & WORK SPACE

You can truly see potential in all the above noted elements and the access. Give us a call today to discuss this truly unique opportunity. Overflow land for parking purposes and beyond is also a possibility pending the need.

Expand All Available Space

Suite: 1 13,365 SF $13.50 - 20 PSF (Annual) NNN
Space Available: 13,365 SF
Minimum Divisible: 1,250 SF
Lease Rate: $13.50 - 20 PSF (Annual)
$15,035 - 22,275 (Monthly)
Lease Type: NNN
Date Available: 10/4/2020
Space Type: New

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Taxing Authority: Dona Ana County
Tax ID/APN: 4008137169362
Zoning: C-3
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: Union Avenue & Interstate 10
Property Visibility: Excellent
Highway Access: Interstate 10 & University Exit
Airports: ELP & Las Cruces International
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1988
Year Renovated: 2013
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, Satellite, Fiber Optic, Other
Zoning Description: C-3 Zoning standards per City of Las Cruces Guidelines
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Dona Ana County Account R0217725

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,058 58,868 87,564
Median Age: 29.37 33.88 34.13
Households: 3,760 23,949 35,028

Contact

Photograph of Listing Agent

Kary Bulsterbaum

Steinborn/TCN Commercial Real Estate
CARNM CIE Member
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