Prime Downtown Location for Sale

Office for Sale
Sale Pending/Contingent
Also listed as Vacant Land, Retail-Commercial
Catylist Listing ID: 30737948
Property Subtypes: Coworking, Office Building, Other
Status: Pending/Contingent
Building Size (RSF): 16,455 SF
Gross Building Area: See Agent
Gross Land Area: 132,017 SF
Sale Price: $1,500,000
Unit Price: $91.16 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller, Build-to-Suit, Other
Cap Rate: Undisclosed
Last Updated: 11/1/2021

Overview / Comments

A large downtown parcel for sale. Property includes an old bank with 11,202 square foot building with 6 drive thru lanes. Second building located on property is 5256 square feet. Currently has three tenants occupying approximately 70% of the existing space. Additional space available for lease. Owner will consider Build to Suit, land lease or other Joint Ventures. Smaller projects or a full redevelopment are options.

Attachments & Media

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Taxing Authority: Dona Ana County
Tax ID/APN: Dona Ana County Parcel # 4-007-135-174-311
Zoning: CITY OF LAS CRUCES DOWNTOWN DEVELOPMENT CODE (DDC-DT )
Property Visibility: Excellent
Airports: ELP & Las Cruces International Airport
Total Number of Buildings: 2
Number of Stories: 1
Zoning Description: City of Las Cruces Downtown Development Code - DDC-DT
Water Service: Municipal
Sewer Type: Municipal
Legal Description: S: 18 T: 23S R: 2E BRM 9A TR 15A 15B 15C 15D 16C

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,874 75,834 109,352
Median Age: 38.36 32.65 35.1
Households: 5,081 30,310 43,799
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