MAKE A COMPELLING LAND TRACT THRIVE!
Vacant Land
for Sale
| Catylist Listing ID: |
30627584 |
| Property Subtypes: |
Multi-Family, Office, Residential (Single Family), Retail, Self Storage, Other
|
| Gross Land Area: |
10.86 Acres
|
| Sale Price: |
$475,000 |
| Unit Price: |
$43,738 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
7/11/2021 |
Overview / Comments
|
This is a versatile land tract with a wide variety of development possibilities located within a very affluent area of the local community and surrounded by a consumer base that spend well above the national averages. Development of this land can truly fill a unique market void and additional adjacent land is also available for an expanded discussion. The ownership will also consider division scenarios for specific projects if they add value to the overall development intent. The current property zoning is currently within a "holding" zone and is undergoing a zone change application to give buyers the opportunity to expand their immediate development options. A high percentage of the immediate area residents are approaching the age of retirement or are at a point in their lives where the household size is limited. To be clear this resident base continues to lead a very active lifestyle. Home ownership is very high along with the pride in ownership which would indicate that unique home improvement concepts could possibly be a consideration at the tract. Quality would seems to be the focus over cost. Density is not the area norm as most area residents prefer less crowded neighborhoods and unique development concepts. Demographic stats also show that the immediate area population has a high population of college educated residents. All of the above described elements would point to development opportunities that can be well diversified and offer a wide variety of possibility. The area has also seen a demand for significant service related uses for general office, financial services and beyond. The site is further enhanced by that fact it has great visibility and is directly located where Interstate 10 & Interstate 25 merge and can offer great visibility and notoriety for any developer trying to make a splash. Give us a call today to discuss this opportunity further. it is truly unique.
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Additional Details
| Nearest MSA: |
Las Cruces |
| County: |
Dona Ana |
| Taxing Authority: |
Dona Ana County |
| Tax ID/APN: |
R0216708 |
| Zoning: |
A-2 (ZONE CHANGE APPLICATION PENDING) |
| Property Located Between: |
Corner of Las Alturas & Tellbrook |
| Property Visibility: |
Good |
| Legal Description: |
Dona Ana County Account R0216708 |
| Highway Access: |
Interstate 10 & University to the South or Interstate 10 & Mesquite Exit to the North. Located at Interstate 10 & Interstate 25 merging point |
| Airports: |
ELP & Las Cruces International |
| Zoning Description: |
A-2 zoning standards per City of Las Cruces guidelines. A zone change is pending for blended R-4 & C-3 zoning of uses. Call listing broker to discuss elements if necessary. |
| Topography: |
Gently Sloping |
| Available Utilities: |
Electric, Water, Gas |
| Water Service: |
Other |
| Sewer Type: |
Septic, Other |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
6,764 |
31,676 |
75,717 |
| Median Age: |
33.49 |
31.12 |
34.16 |
| Households: |
2,136 |
12,693 |
30,417 |
|
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Neither Commercial Association of REALTORS® New Mexico nor
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