Roadrunner Pkwy Las Cruces, NM 88012
- Commercial real estate
- 6.07 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 0 Roadrunner Pkwy
- Lot size
- 6.07 lot acres
- Property type
- Commercial real estate
Description
This exceptional 6.07-acre multifamily land parcel presents a unique investment opportunity in Las Cruces, New Mexico. Situated along Roadrunner Parkway, the property boasts direct frontage and convenient access, making it highly visible and easily accessible. The site is ideally positioned within a growth corridor for multifamily and institutional office developments, surrounded by complementary uses such as assisted living facilities, daycares, apartment complexes, and government agencies. Its proximity to the Sonoma Ranch Golf Community adds to its desirability. Nearby amenities include a Walmart Supercenter, public parks, public schools, and convenient access to Highway 70. The highest and best use for this property is projected to be an assisted living facility or an apartment complex, capitalizing on the strong demand for housing in this thriving area. The asking price is $1,045,000. This represents a compelling opportunity for owner/users seeking to develop a significant multifamily project in a prime Las Cruces location within Doña Ana County, zip code 88012. The property's location and surrounding infrastructure make it an attractive investment with significant potential for future growth and return.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Las Cruces
- County
- Doña Ana
- State
- New Mexico
- Longitude
- -106.755
- Latitude
- 32.3556
