Catylist ID:
#30187980
| 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: | 3/6/2020 |
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. |
Attachments & Media
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 |
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
Kary BulsterbaumSteinborn/TCN Commercial Real EstateCARNM CIE Member |
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