908 Solano Dr Las Cruces, NM 88001-3802
This exceptional storefront property at 908 S Solano Dr, Las Cruces, NM 88001, presents a fantastic investment opportunity. The 1,022 square foot building sits on a 6,500 square foot lot and is currently vacant, offering immediate occupancy. Recently renovated, the space is ready for a new tenant. The asking price is $249,000, translating to a price per square foot of $243.64. The property's classification is retail, specifically a storefront, and is part of a larger potential acquisition. A joint sale opportunity exists with the adjacent property at 1007 El Paseo, offering a combined purchase price of $695,000 for both properties. This location in Doña Ana County provides excellent visibility and accessibility, making it ideal for a variety of retail businesses. The property's single building structure offers simplicity and ease of management. Serious inquiries are encouraged to explore this promising investment prospect further. Detailed information regarding the joint sale opportunity is available upon request. This is a rare chance to acquire a newly renovated, well-located storefront in a thriving market.
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Outpost Cannabis (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
GEN-COMMERCL · Las Cruces, NMCosts & 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.