500 Telshor Blvd Las Cruces, NM 88011-4613
- Turn key restaurants
- 9,741 SF
- 1.33 lot acres
Current Use by Public Records
- The Pecan Grill and Brewery / Bar & Pub / Restaurant
- O Shoes / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
Property Details for 500 Telshor Blvd
- Year built
- 2003
- Construction
- FRAME
- Lot size
- 1.33 lot acres
- Property size
- 9,741 SF
- Zone code
- GEN-COMMERCL
- Property type
- Turn key restaurants
- APN
- 4-009-135-217-051
- APU
- 4009135217051
Description
This exceptional 10,769+/- square foot single-tenant retail space, ideally suited for a restaurant, is situated on a 1.33-acre lot in a prime Las Cruces location. Positioned as a highly visible outparcel of the Las Cruces Regional Mall, this property benefits from its location at a signalized intersection, ensuring maximum exposure to a substantial customer base. The property enjoys proximity to a range of established retailers, including Target, Sprouts, Walmart, Albertsons, and Hobby Lobby, creating a synergistic retail environment. The high traffic counts on nearby E Lohman Ave (13,149 VPD), S Telshor Blvd (19,625 VPD), and I-25 (30,395 VPD) underscore the significant potential for customer traffic. Adjacent to the newly opened Bubba's 33, this property offers immediate access to a thriving commercial area. A liquor license and existing furniture, fixtures, and equipment (FF&E) may be available through negotiation as part of a purchase or lease agreement. Furthermore, the property's size and location present opportunities for redevelopment or the creation of additional pad sites, offering considerable flexibility for future expansion or adaptation. This is a rare opportunity to acquire a well-located, high-traffic retail space with significant growth potential in a rapidly developing market.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $435,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $675,000
Market price range: $534k - $1.53M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $850,000
- APARTMENT HOUSE (5+ UNITS)
- $835,000
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Location Insight
- Map
- Local Demand
- City
- Las Cruces
- County
- Dona Ana
- State
- New Mexico
- Longitude
- -106.744
- Latitude
- 32.3144
- CBSA code
- 29740
- CBSA name
- LAS CRUCES, NM METROPOLITAN STATISTICAL AREA