300 Foster Rd Las Cruces, NM 88005-3211
Property summary
This exceptional 7,367 square foot office building presents a compelling investment opportunity in the heart of Las Cruces, New Mexico. Built in 1980 and renovated in 1990, the property sits on a 3.05-acre lot and is zoned C-2, allowing for a variety of uses. Currently vacant, the building features a convenient drive-through and ample parking, making it ideal for a financial institution or professional office space. Its excellent condition and prime location offer significant potential for future growth and profitability. Situated in a vibrant area with a mix of businesses and leisure options, the property benefits from proximity to New Mexico State University, providing access to a skilled workforce. The surrounding area boasts diverse dining, cultural attractions, and shopping, creating a desirable environment for employees and clients alike. The asking price for this well-maintained, strategically located office building is $1,650,000. This is a rare opportunity to acquire a substantial commercial property in a thriving New Mexico market. The address is 300 Foster Rd, Las Cruces, NM 88005.
Property profile
VerifiedCap rate & NOI
Current use
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Credit Union
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
GEN-COMMERCL · Las Cruces, NMZoning
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Zoning designation
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The district profile from the municipal source: what is on file for GEN-COMMERCL in Las Cruces, NM.
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