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Land Near Master-Planned Community
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Morningstar Dr, Las Cruces, NM 88011

Land suitable for multifamily development near community college.

Property SizeContact for details
Days on Market1731

Property Features for Morningstar Dr

General Information

Standard status Active
Property subtype Land, Multifamily
Zoning PUD
Listing Agency: NAI 1st Valley
Listed By: Jake Redfearn · License #NM 46738
Source: Crexi
Added: Nov 15, 2021 Changed: Aug 8 Last Checked: Aug 12 at 10:23AM

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 NAI 1st Valley

Investment Insights

Based on property information with market context.

This property is located adjacent to the Haciendas at Grace Village assisted living and memory care facility and next to the largest master-planned community in Las Cruces. It is situated less than half a mile from the Dona Ana Community College East Mesa Campus, which has a student population of over 1,600. The location is within a short distance of multiple grade schools and grocery stores. This makes it a suitable location for multi-family projects.

Property Analytics

Current Use

Land

Location Intelligence

Trade Area within ½ mile

112
Businesses Nearby

Demographics for 88011, NM

32,885
Population
15,160
Households
2.2
Avg Household Size
43
Median Age
55%
College-Educated
95%
High-School Grad
251.7 sq mi
ZIP Area
131
Density / Sq Mi
$75,139
Median Household Income
$43,093
Median Earnings
$1,053
Median Rent
$315,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Land - Land suitable for multifamily development near community college.
Where is this land located?
The property is located at Morningstar Dr Las Cruces, NM.
What is the asking price?
The asking price for this property is $1,289,380.
(575) 521-1535 Call to check price and availability
More about this property
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