Property summary
This exceptional 1-acre commercial land parcel presents a unique investment opportunity in Las Cruces, New Mexico. Located at 1240 El Paseo Rd, 88001, this property boasts a highly desirable location on a major thoroughfare, El Paseo Road. This key artery connects the vibrant downtown business district with New Mexico State University, ensuring high visibility and substantial traffic exposure. The site benefits from an annual average weekday traffic count of 15,841 (2023 data), providing excellent access and visibility for any commercial development. City utilities are readily available, simplifying the construction process. The property is zoned for commercial use and offers a build-to-suit option, allowing for maximum flexibility in development plans. Its proximity to the central business district (within one mile) and numerous city and federal buildings further enhances its appeal and potential for strong returns. This prime location offers unparalleled access and visibility, making it an ideal site for a variety of commercial ventures. Don't miss this chance to acquire a highly sought-after commercial land parcel in a thriving New Mexico market.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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