1719 University AveLas Cruces, NM 88001

Property Details for 1719 University Ave

Lot size

18.25 AC

Property size (Sq ft)

9,344 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

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.

Location Insight

City

Las Cruces

County

Doña Ana

State

New Mexico

Latitude

32.2874

Longitude

-106.746

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