1501 Bataan Memorial

Vacant Land for Sale
Catylist Listing ID: 30187980
Property Subtypes: Hospitality, Office, Retail, Retail-Pad
Gross Land Area: 3.67 Acres
Sale Price: $6.88 PSF
Total Price: $1,099,872
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/17/2018

Overview / Comments

Well over 50% of the local Las Cruces home building activity and continued area growth continues to happen and start at the Highway 70 & I-25 interchange and moves further along Highway 70 as the area develops. This location offers a great mixture of business to include but is not limited to: eateries, specialized retail stores, financial services, state offices, medical concepts and others. The surrounding area also offers very attractive additional retail,entertainment, and business concepts that only supplement the area growth and potential. The surrounding area within a one and three mile radius is well diversified in terms of a consumer base of all ages, income levels, and demographic makeup. The spending index potential within this radius is well above national averages for certain demographics. Gaps in demand versus the retail services offered within the area continue to attract good retail tenants and beyond. Within just a one mile radius of this location the following retail gaps apply:

$6 million plus in food and beverage
$13 million plus grocery gap
$1 million plus specialty food cap
$2.5 million plus clothing gap
$5 million plus general merchandise gap

The retail gaps noted are far greater for a three mile radius. This location is very economical by comparison to a lot of alternative area offerings and well suited for your business intentions. Possible site uses could include but not be limited to: hotel/lodging, creative office, medical office, dining, entertainment, wellness & fitness concepts, national retail, everyday retail and there is always room for more. If you are on the lookout for a site that brings you lifestyle, rooftops and customers it may be time to call this location home.

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Taxing Authority: Dona Ana County
Tax ID/APN: R0207951
Zoning: C-3
Property Located Between: I-25 & Highway 70 Interchange adjacent to Plaza Del Rey
Legal Description: Dona Ana County Account R0207951
Highway Access: I-25 & Highway 70 Interchange
Airports: ELP & Las Cruces International
Zoning Description: C-3 per City of Las Cruces Guidelines
Topography: Level
Easements: Electric Lines, Ingress/Egress, Utilities
Available Utilities: Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,382 66,410 105,930
Median Age: 39.82 35.88 34.47
Households: 2,542 26,760 42,075

Contact

Photograph of Listing Agent

Kary Bulsterbaum

Steinborn/TCN Commercial Real Estate
CARNM CIE Member
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