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    Griggs Ave Las Cruces, NM 88001

    Sponsored
    For Sale
    $2,128,995

    Three prime parcels, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional investment opportunity comprises three contiguous commercial land parcels in Las Cruces, New Mexico, totaling approximately 5.62 acres. The parcels are zoned M1, offering a wide range of development possibilities. Parcel 4-008-135-441-002 encompasses 2 acres, while parcel 4-008-135-449-018 spans 2.62 acres, and parcel 4-009-134-010-495 covers 1 acre. Located on E Griggs Ave in Doña Ana County, with a zip code of 88001, this strategically positioned property benefits from excellent access and visibility. The asking price for the entire assemblage is $2,128,995. The seller is open to joint venture proposals, presenting a unique opportunity for collaboration and shared success. This is a rare chance to acquire a substantial land holding in a growing New Mexico market, perfect for developers seeking a significant project. The property's location offers easy access to major transportation routes and is situated within a dynamic commercial area. Detailed parcel information is available upon request. This is a prime opportunity for investors and developers seeking a substantial land holding in a thriving commercial area. Don't miss this chance to secure a valuable asset in a rapidly developing market.

    Property Features for 0 Griggs Ave

    General Information

    Property type
    Land

    HighLights

    • Three contiguous commercial land parcels totaling 5.62 acres in Las Cruces, NM.
    • M1 zoning allows diverse development options.
    • Individual parcel sizes: 2 acres, 2.62 acres, and 1 acre.
    • Located on E Griggs Ave, Doña Ana County, zip code 88001, offering excellent access and visibility.
    • Asking price: $2,128,995; seller open to joint ventures.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Las Cruces
    County
    Doña Ana
    State
    New Mexico
    Longitude
    -106.75432947
    Latitude
    32.31614767

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    FAQs

    What type of property is this?
    Land - Three prime parcels, ideal for development.
    Where is this land located?
    The property is located at Griggs Ave Las Cruces, NM.
    What is the asking price?
    The asking price for this property is $2,128,995.
    What are key features of this property?
    This property features: Three contiguous commercial land parcels totaling 5.62 acres in Las Cruces, NM.; M1 zoning allows diverse development options.; Individual parcel sizes: 2 acres, 2.62 acres, and 1 acre.
    (575) 523-6000
    Request Owner's contact information
    Griggs Ave Las Cruces, NM 88001
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    Las Cruces, NM 88001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Griggs Ave Las Cruces, NM 88001
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