Property summary
This exceptional 0.27-acre lot, located at 1120 N Tornillo St in Las Cruces, New Mexico, presents a unique opportunity for multifamily development. Zoned R2, this vacant parcel offers significant potential for the construction of duplexes, apartments, or even a single-family home. The property boasts a total area of 11,761 square feet and is priced affordably at $75,000, or $6.38 per square foot. Situated in a desirable downtown location, this lot provides convenient access to a wealth of amenities, including hospitals, schools, shopping centers, and recreational parks. All city utilities are readily available, simplifying the development process. Given its size, zoning, and prime location, this property is an exceptional investment opportunity and is expected to sell quickly. Don't miss out on this chance to acquire a rare and valuable piece of land in the heart of Las Cruces. The property is located in Doña Ana County, New Mexico, zip code 88001.
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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