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Property profile & analytics
FOR SALE
Retail space

3985 S Main St Las Cruces, NM 88001

3,000 SF 0.82 ac lot Built 1965
Individually Owned 10-yr Hold Free & Clear
Property ID
US61-0353509
Property summary
AI-generated overview

This exceptional 3,000 square foot storefront, located at 3985 S Main St in Las Cruces, New Mexico, presents a lucrative investment opportunity. Priced at $495,000 ($165/sq ft), this vacant property boasts a desirable C-1 zoning, allowing for a wide range of retail uses. The single-tenancy building sits on a spacious 0.82-acre lot, offering ample space and potential for expansion or outdoor amenities. The property's strategic location on South Main Street ensures high visibility and accessibility, benefiting from significant foot and vehicle traffic. Adding to its appeal, the lot features mature pecan trees and valuable EBID rights. The area is experiencing growth, with new residential construction nearby, promising a strong customer base for future tenants. This standalone building offers a unique chance to establish a thriving retail business in a vibrant and expanding community. The property's size and zoning make it suitable for a variety of retail concepts, providing flexibility for potential buyers. Don't miss this chance to acquire a prime retail space in a rapidly developing area of Las Cruces. The property is located in Doña Ana County, New Mexico, zip code 88001.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1965
Total area 3,000 SF
Lot 0.82 ac (35,719 SF)
Zoning code NEIGH-COMMER
APN 4-008-138-324-320
UPID US61-0353509
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Benny L Fenn · 10 yrs held
Benny L Fenn
since 2016
1 recorded transaction
2016
Price N/A
Zoning & alternative use
NEIGH-COMMER · Mesilla Park, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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