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Property profile & analytics
OFF-MARKET
Land

2701 Spitz Ave Las Cruces, NM 88005

1.76 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 1.76 ac (76,666 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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