1719 University Ave Las Cruces, NM 88001
- Lifestyle centers
- 9,344 SF
- 18.25 lot acres
Current Use by Public Records
- Pan Am Plaza / Business Center
- Supercuts / Beauty Salon / Barber Shop
Property Details for 1719 University Ave
- Lot size
- 18.25 lot acres
- Property size
- 9,344 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Pan Am Plaza presents a unique investment opportunity in the thriving Las Cruces, New Mexico market. This multi-use property boasts a total of 9,344 square feet of existing commercial space, currently offering three available retail units. The property sits on a 1.2-acre lot within a larger 18.25-acre parcel in Doña Ana County, conveniently located at 1719 E University Ave, Las Cruces, NM 88001. The plaza enjoys high visibility and excellent access, situated near established businesses such as Domino's, McDonald's, and Lorenzo's. Further enhancing the property's appeal, a new Starbucks is under construction and slated for completion in 2024. Development opportunities abound with a ±4-acre pad site available on the east side, fronting S. Triviz Dr., and a new retail building under construction on the west side, fronting Locust Street. This new construction will offer five additional spaces ranging from 1,200 to 1,800 square feet, accompanied by 32 shared parking spaces. The existing spaces offer ample shared parking, making this an ideal location for a variety of retail and office tenants. This property offers a blend of immediate income potential and significant future development possibilities, making it a compelling investment in a dynamic New Mexico market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Las Cruces
- County
- Doña Ana
- State
- New Mexico
- Longitude
- -106.746
- Latitude
- 32.2874
