2701 Spitz Ave Las Cruces, NM 88005
This exceptional 1.76-acre commercial land parcel presents a unique investment opportunity in Las Cruces, New Mexico. Located at 2701 Spitz Avenue, this property boasts a highly desirable R-3 Multi-Dwelling Medium Density and O-2 Office, Professional - Limited Retail Service zoning, offering considerable flexibility for development. The strategic location, just five miles from Interstate 25, ensures excellent accessibility and high visibility. The property sits behind a thriving shopping center, benefiting from the substantial foot traffic and established commercial presence in the immediate vicinity. Several fast-food restaurants are also nearby, further enhancing the property's appeal and potential for a variety of commercial ventures. The expansive lot size provides ample space for a diverse range of development projects, from multi-family residential buildings to office complexes or limited retail establishments. This prime location, combined with the flexible zoning and convenient access to major transportation routes, makes this property an ideal investment for both seasoned developers and those seeking a strategic entry point into the Las Cruces commercial real estate market. The asking price of $199,000 represents a compelling value for this strategically located and versatile land parcel in Doña Ana County, zip code 88005. The property's coordinates are 32.3345 latitude and -106.784 longitude.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.