RARE Carlsbad, NM GL or BTS Opportunity

Vacant Land for Lease
Also listed as Retail-Commercial
Catylist Listing ID: 30787313
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 0.50 - 4.16 Acres
Lease Rate: $75,000 - 250,000 (Annual)
$3.44 - 11.48 PSF (Annual)
Base Monthly Rent: $6,250 - 20,833
Lease Types: Ground Lease, NNN
In Opportunity Zone? Yes
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Last Updated: 5/6/2022

Overview / Comments

Don’t miss this extremely rare opportunity to be a part of Carlsbad, New Mexico’s premier new construction development located on the southwest corner of NM Highway 285 (a.k.a. “South Canal St.”) and NM Highway 524 (a.k.a. “W. Lea St.”). This is a hard corner, signalized intersection opportunity on one of the most meaningful and high traffic intersections in the market. The development affords one of the largest land assemblages in the area at a total of 4.16 acres with frontage on two major thoroughfares.

We are seeking tenants interested in longer term ground lease or build-to-suit opportunities who will complement the new construction Taco Bell that opened in February of 2021 and will enjoy the outstanding visibility from and traffic flow of the adjacent intersection. With multiple points of ingress and egress, there isn’t anything this site doesn’t offer. Contact broker for more information about the
opportunity.

Attachments & Media

Additional Details

Nearest MSA: Carlsbad-Artesia
County: Eddy
Tax ID/APN: 4-157-128-242-024
Zoning: C-2
Property Located Between: SW Corner of NM Highway 285 / S. Canal St. and NM Highway 524 / W. Lea St.
Property Visibility: Excellent
Largest Nearby Street: NM Highway 285 / S. Canal St. and NM Highway 524 / W. Lea St.
Feet of Frontage: 515
Traffic/Vehicle Count: 25,000
Highway Access: NM Highway 285 / S. Canal St. and NM Highway 524 / W. Lea St.
Airports: Cavern City Air Terminal - 5.2 mi. / 9 min. away
Site Description: SW Corner of NM Highway 285 / S. Canal St. and NM Highway 524 / W. Lea St.
Lot Frontage: 515
Lot Depth: 335
Zoning Description: C-2 - The C2 district is intended to accommodate community and regional-scale retail and commercial uses. Such uses are regulated in order to be compatible with surrounding uses and existing infrastructure.
Part of Planned Development?: Yes
Development Name: N/A
Topography: Level
Water Service: Municipal
Sewer Type: Storm

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,187 25,319 31,218
Median Age: 34.94 37.58 38.15
Households: 2,420 9,898 12,146

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