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Two-Building Retail Office Corner
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2640 El Paseo Rd., Las Cruces, NM 88001

Two separate buildings on a hard-corner site at a lighted intersection, with frontage on University and El Paseo.

Property SizeContact for details
Lot Size1.47 Acres
Days on Market121

Property Features for 2640 El Paseo Rd.

General Information

Standard status Active
Lot size 1.47 Acres
Property subtype Retail, Office, Mixed Use

Additional Details

Road Access Yes

Building Details

Stories 2
Listing Agency: Steinborn Commercial Real Estate
Listed By: Bill Shattuck · License #NM 18460 DR
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 6:18PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Steinborn Commercial Real Estate

Investment Insights

Based on property information with market context.

The property includes two separate buildings on 1.47 acres at the corner of University and El Paseo. The primary building sits on the hard corner and is a two-story structure with a basement, designed to provide exposure at the main intersection. The second building is fully leased and shares the parking lot with the primary building, along with additional parking to the back of that building.

Both parcels front University and El Paseo, supporting visibility for both buildings from the intersection. The site is located at a lighted intersection at the NW corner of University Av. and El Paseo Rd. New Mexico State University sits caddie corner from the subject property.

This offering provides a corner-positioned configuration featuring a prominently exposed main building plus a separately leased building on the shared parking lot.

Key Highlights

  • Two separate buildings on 1.47 acres at the NW corner of University Ave. and El Paseo Rd.
  • Primary hard‑corner building is a 2‑story structure with a basement.
  • Second building is fully leased and shares the parking lot with the primary building plus additional parking to the back.

Property Analytics

Current Use

Mesilla Valley Casa Social Service Agency HandinHand Charitable Organization Community Foundation of Southern ... Charitable Organization

Suggested Use

Top Pick Real Estate Agency Pharmacy HVAC Service Law Firm Nail Salon Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

687
Businesses Nearby

Demographics for 88001, NM

36,831
Population
16,985
Households
2.2
Avg Household Size
30
Median Age
29%
College-Educated
83%
High-School Grad
11.1 sq mi
ZIP Area
3,318
Density / Sq Mi
$32,978
Median Household Income
$23,195
Median Earnings
$797
Median Rent
$158,300
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Two separate buildings on a hard-corner site at a lighted intersection, with frontage on University and El Paseo.
Where is this office building located?
The property is located at 2640 El Paseo Rd. Las Cruces, NM.
What are key features of this property?
This property features: Two separate buildings on 1.47 acres at the NW corner of University Ave. and El Paseo Rd.; Primary hard‑corner building is a 2‑story structure with a basement.; Second building is fully leased and shares the parking lot with the primary building plus additional parking to the back.
(575) 521-1535 Call to check price and availability
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