715 Amador AveLas Cruces, NM 88001

  • Parking lots & garages
  • 0.18 AC
For Sale
$2,100,000 View listing

Property Details for 715 Amador Ave

Lot size
0.18 AC
Zone code
GEN-COMMERCL
Property type
Parking lots & garages
APN
4-007-135-436-254
APU
4007135436254

Description

This exceptional 18,000-square-foot commercial property, located at 715 E Amador Ave in Las Cruces, New Mexico, presents a unique investment opportunity. Currently vacant, this retail building is ideally suited for an auto shop or similar business, boasting a spacious showroom and a substantial service center. Constructed in 2007, the building sits on two parcels encompassing 1.92 acres, providing ample parking and room for expansion. The property features multiple roll-up doors for convenient vehicle access and is secured by perimeter fencing. The asking price is $2,100,000. The property is zoned C3C, offering flexibility for various commercial uses. Its strategic location in Doña Ana County, with a zip code of 88001, provides excellent visibility and accessibility. This turnkey operation is ready for immediate occupancy, offering a significant advantage for a buyer looking to establish or expand their business in a thriving market. The expansive lot size and existing infrastructure provide a solid foundation for future growth and development. This is a rare opportunity to acquire a well-maintained, spacious commercial property in a desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $900,695
    6.5%
    $831,411
    7%
    $772,024
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,380,120
    Geo Method
    $1,380,120
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,617,510
    Mixed-Use / Specialty
    $829,989
    Hospitality / Lodging
    $610,945
    Office
    $826,665
    Institutional / Educational
    $863,406
    Residential Income
    $1,010,180
    Multifamily
    $1,203,010
    Automotive / Energy
    $740,062
    Parking / Income-Based Land
    $253,862
    Restaurant / Food Service
    $434,976
    Healthcare / Senior Housing
    $849,557

Location Insight

City
Las Cruces
County
Dona Ana
State
New Mexico
Latitude
32.3087
Longitude
-106.772
CBSA code
29740
CBSA name
LAS CRUCES, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$477
$11,963
$2,037
$14,000
-
$35,888
$6,112
$42,000

FAQs

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