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: 11/4/2021

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.

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Taxing Authority: Dona Ana County
Tax ID/APN: R0216708
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

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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


Photograph of Listing Agent

Kary Bulsterbaum

Steinborn/TCN Commercial Real Estate
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