1245 Van Patten Ave Las Cruces, NM 88005
This exceptional 0.24-acre lot, located at 1245 Van Patten Ave in Las Cruces, New Mexico, presents a compelling investment opportunity for builders and investors alike. Zoned R2, this property offers significant potential for multifamily development. Situated in the desirable downtown Las Cruces area, the lot boasts convenient access to city amenities and services. All essential utilities are readily available, including electricity, natural gas, water, and sewer connections. The property's size and zoning make it ideal for a variety of multifamily projects, catering to the growing demand for housing in the vibrant Las Cruces community. The asking price for this prime piece of land is $69,000. This represents a rare chance to acquire a well-located, sizable lot in a thriving market, offering substantial returns on investment. The property's address is verified as 1245 Van Patten Ave, Las Cruces, Doña Ana County, New Mexico, 88005. The geographic coordinates are 32.3124037 latitude and -106.7949549 longitude. Don't miss this opportunity to secure a valuable asset in a dynamic and expanding city.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.