3400 Picacho Ave Mesilla, NM 88005
This exceptional commercial land offering presents a unique investment opportunity in the vibrant West Las Cruces area. Located at 3400 W Picacho Ave., Las Cruces, NM 88005, this property encompasses a flexible lot size ranging from one-half acre to four acres. The land is zoned C2/C2C, providing a wide array of potential commercial development options. The asking price is competitive, ranging from $3.50 to $4.00 per square foot, reflecting the land's prime location and development potential. The property's convenient access to major roadways and its proximity to established businesses make it an ideal site for a variety of commercial ventures. With its versatile zoning and attractive price point, this property represents a compelling investment opportunity for discerning buyers seeking to establish a presence in a thriving New Mexico market. The parcel includes APN numbers 4-004-135-376-152 and 4-004-135-365-129. This is a rare chance to acquire a significant land holding in a rapidly growing area of Las Cruces. Serious inquiries are encouraged.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.