Multifamily Development

Vacant Land for Sale
Catylist Listing ID: 30794818
Property Subtypes: Multi-Family, Other
Gross Land Area: 4.07 Acres
Sale Price: $545,000
Unit Price: $133,906 Per Acre
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 5/6/2022

Overview / Comments

Exceptional high density residential-multifamily parcel minutes from the new Three Crosses Regional Hospital complex and master planned development. Located at the gateway to Las Cruces. This parcel is ideally situated to compliment demand for new multifamily development. Grocery, home improvement , dining and public transit are all nearby.

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Taxing Authority: Dona Ana
Tax ID/APN: 4-006-133-508-468
Zoning: R3 HI-DENS-RES
Property Located Between: North Main Street and Three Crosses Avenue
Property Visibility: Excellent
Legal Description: S: 1 T: 23S R: 1E POR LAND IN SEQTRSEQTRSEQTR
Largest Nearby Street: North Main
Highway Access: I 25
Airports: Las Cruces International Airport
Site Description: level , sandy lot, excellent ingress/egress
Area Description: The Three Crosses Hospital master planned development is just a couple blocks away from this area that will amplify development to the gateway of Las Cruces.
Development Name: Parque de Entrada
Topography: Level
Soil Type: Sandy
Available Utilities: Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,472 74,319 119,302
Median Age: 34.92 34.08 34.67
Households: 7,129 29,773 47,142

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