311 Southgate Ct Las Cruces, NM 88005
- Warehouses
- 16,204 SF
- 1.36 lot acres
Current Use by Public Records
- Marhefka Medical Group / Medical Group
- Tom's Pest Control Service / Pest Control Service / Animal Control Service
Property Details for 311 Southgate Ct
- Year built
- 2008
- Lot size
- 1.36 lot acres
- Property size
- 16,204 SF
- Zone code
- LT-MANUFACTR
- Property type
- Warehouses
- APN
- 4-005-136-437-107
- APU
- 4005136437107
Description
This exceptional industrial flex property, located at 311 Southgate Ct in Las Cruces, New Mexico, presents a compelling investment opportunity. The ±18,926 square foot building sits on a ±1.68-acre lot and boasts a 2008 construction date. The property features impressive ceiling heights ranging from 16 to 22 feet, providing ample vertical space for various uses. Climate control is ensured with refrigerated air throughout the building, powered by six 8-ton units. The property is zoned M1, offering flexibility for a range of industrial and commercial applications. Its strategic location offers convenient access to Interstate 10, situated approximately 1.5 miles away. Currently, 50% of the space is leased through November 2026, providing immediate income potential. The asking price for this well-maintained and strategically located property is $2,000,000. This represents a significant opportunity to acquire a substantial industrial flex space in a growing New Mexico market with existing lease income. The property's size, features, and location make it ideal for a variety of businesses seeking a functional and well-equipped space in Doña Ana County, zip code 88005.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Las Cruces
- County
- Dona Ana
- State
- New Mexico
- Longitude
- -106.806
- Latitude
- 32.2982
- CBSA code
- 29740
- CBSA name
- LAS CRUCES, NM METROPOLITAN STATISTICAL AREA
