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1719 University AveLas Cruces, NM 88001

Prime Retail & Office Opportunity in Las Cruces, NM

Overview

Added:
Dec 11, 2024
Days on market:
117
Pan Am Plaza presents a unique investment opportunity in the thriving Las Cruces, New Mexico market. This multi-use property boasts a total of 9,344 square feet of existing commercial space, currently offering three available retail units. The property sits on a 1.2-acre lot within a larger 18.25-acre parcel in Doña Ana County, conveniently located at 1719 E University Ave, Las Cruces, NM 88001. The plaza enjoys high visibility and excellent access, situated near established businesses such as Domino's, McDonald's, and Lorenzo's. Further enhancing the property's appeal, a new Starbucks is under construction and slated for completion in 2024. Development opportunities abound with a ±4-acre pad site available on the east side, fronting S. Triviz Dr., and a new retail building under construction on the west side, fronting Locust Street. This new construction will offer five additional spaces ranging from 1,200 to 1,800 square feet, accompanied by 32 shared parking spaces. The existing spaces offer ample shared parking, making this an ideal location for a variety of retail and office tenants. This property offers a blend of immediate income potential and significant future development possibilities, making it a compelling investment in a dynamic New Mexico market.

Highlights

  • 9,344 SF multi-use commercial property in Las Cruces, NM.
  • Three available retail units.
  • 1.2-acre lot within an 18.25-acre parcel at 1719 E University Ave.
  • High visibility and excellent access near established businesses, including a new Starbucks under construction.
  • ±4-acre pad site available and new retail building under construction adding five 1,200-1,800 SF units with 32 parking spaces.
  • Ample shared parking.

Property Details for 1719 University Ave

Property type
Lifestyle centers, Power centers
RSF (Rentable sq. ft)
9,344 SF

Unit(s) available at that property

Space
± 9,433 Former Tuesday Mornings
Size
9,433 SF
Space
± 1.5 Acres Pad Site Build-to-Suit
Size
8,000 SF
Space
± 4 Acred Pad Site
Size
174,240 SF

Location Insight

City
Las Cruces
County
Doña Ana
State
New Mexico
Latitude
32.287398
Longitude
-106.745684
1719 University Ave, Las Cruces, New Mexico

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1719 University Ave
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