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0 Griggs Ave Las Cruces, NM 88001

OFF-MARKET Land Google Maps
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional investment opportunity comprises three contiguous commercial land parcels in Las Cruces, New Mexico, totaling approximately 5.62 acres. The parcels are zoned M1, offering a wide range of development possibilities. Parcel 4-008-135-441-002 encompasses 2 acres, while parcel 4-008-135-449-018 spans 2.62 acres, and parcel 4-009-134-010-495 covers 1 acre. Located on E Griggs Ave in Doña Ana County, with a zip code of 88001, this strategically positioned property benefits from excellent access and visibility. The asking price for the entire assemblage is $2,128,995. The seller is open to joint venture proposals, presenting a unique opportunity for collaboration and shared success. This is a rare chance to acquire a substantial land holding in a growing New Mexico market, perfect for developers seeking a significant project. The property's location offers easy access to major transportation routes and is situated within a dynamic commercial area. Detailed parcel information is available upon request. This is a prime opportunity for investors and developers seeking a substantial land holding in a thriving commercial area. Don't miss this chance to secure a valuable asset in a rapidly developing market.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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