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Hacienda-Style Live-Work Space
New
For Lease
$375,000

955 Melendres Street, Las Cruces, NM 88005

Remodeled interiors, three en-suite bedrooms, and adaptable rooms support office, residential, or combined live-work use.

Space SizeContact for details
Days on Market4

Property Features for 955 Melendres Street

General Information

Standard status Active
Property subtype Commercial

Building Details

Year Built 1935
Listing Agency: Mesa Flats Realty
Listed By: Joel Gilbert · License #REC20230006
Source: Mesaflatsrealty
Added: Sep 16 Last Checked: Sep 19 at 5:50AM

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 Mesa Flats Realty

Investment Insights

Based on property information with market context.

This 1,978-square-foot live-work property in Las Cruces combines hacienda-style character with a flexible interior layout. Built in 1935, it includes 3 en-suite bedrooms, 4 adaptable rooms, and recently remodeled kitchen and bath areas. The configuration can accommodate residential living alongside office functions, with multiple interior areas suited to distinct uses.

A walled courtyard provides an organizing outdoor space and connects to the building through 3 exterior doors, allowing separate access to different portions of the property. Additional exterior features include a koi pond, hot tub, separately fenced areas, and a custom 6-foot metal perimeter fence with decorative cutouts. Located at 955 Melendres Street, the property is identified for both residential and commercial use.

Key Highlights

  • 1,978‑square‑foot live‑work property built in 1935
  • 3 en‑suite bedrooms and 4 adaptable rooms
  • Recently remodeled kitchen and baths

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Electrical Service Parking Lot & Garage Garden Center

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,620
Businesses Nearby

Demographics for 88005, NM

26,997
Population
12,039
Households
2.2
Avg Household Size
41
Median Age
31%
College-Educated
85%
High-School Grad
150.9 sq mi
ZIP Area
179
Density / Sq Mi
$51,770
Median Household Income
$28,908
Median Earnings
$899
Median Rent
$207,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Live-work space - Remodeled interiors, three en-suite bedrooms, and adaptable rooms support office, residential, or combined live-work use.
Where is this live-work space located?
The property is located at 955 Melendres Street Las Cruces, NM.
What is the lease rate?
The lease rate is $375,000.
What are key features of this property?
This property features: 1,978‑square‑foot live‑work property built in 1935; 3 en‑suite bedrooms and 4 adaptable rooms; Recently remodeled kitchen and baths
More about this property
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