675 Avenida De MesillaLas Cruces, NM 88005

Property Details for 675 Avenida De Mesilla

Year built

1987

Construction

FRAME

Lot size

1.25 AC

Property size (Sq ft)

12,758 SF

Zone code

GEN-COMMERCL

Property type

Office properties

APN

4-006-136-505-326

APU

4006136505326

Description

This exceptional 15,725 square foot medical office building presents a unique investment opportunity in Las Cruces, New Mexico. Located at 675 Avenida de Mesilla, this two-story building offers a completely vacant space, providing a blank canvas for a new tenant or the potential for redevelopment. The property boasts a single-tenant configuration, simplifying management and maximizing efficiency. Situated in Doña Ana County, with a convenient zip code of 88005, the building benefits from excellent visibility and accessibility. The property's size and location make it ideal for a variety of medical practices or healthcare-related businesses. The entire 15,725 square feet is currently available, offering significant potential for customization and expansion. This is a rare opportunity to acquire a substantial medical office building in a thriving New Mexico market. The property's strategic location in Las Cruces ensures high visibility and easy access for patients and staff. With its substantial square footage and prime location, this property is poised for immediate occupancy and long-term success. Serious inquiries are encouraged to explore this exceptional investment opportunity further. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,264,114

  6.5%

  $1,166,874

  7%

  $1,083,526

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,122,931

  Geo Method

  $2,122,931

• Alternative Use

  Use

  Valuation

  Residential

  $1,446,924

  Hospitality

  $1,325,375

  Educational

  $1,102,696

  Medical

  $1,140,620

  Retail

  $1,715,305

Location Insight

City

Las Cruces

County

Dona Ana

State

New Mexico

Latitude

32.2925

Longitude

-106.786

CBSA code

29740

CBSA name

LAS CRUCES, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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