300 Idaho AveLas Cruces, NM 88005

Property Details for 300 Idaho Ave

Year built

1977

Lot size

0.69 AC

Property size (Sq ft)

2,095 SF

Zone code

GEN-COMMERCL

Property type

Drive through restaurants

APN

4-007-136-367-172

APU

4007136367172

Description

This exceptional single-tenant retail space, located at 300 E Idaho Ave in Las Cruces, New Mexico, 88005, presents a fantastic opportunity for a restaurant operator. Previously occupied by a restaurant (existing fixtures and equipment are not included), the property boasts a valuable existing drive-thru, significantly enhancing operational efficiency and customer convenience. A dedicated parking lot ensures ample space for patrons. The location itself is a key advantage, situated near high-traffic streets providing excellent visibility and attracting significant foot traffic. Its central Las Cruces location offers easy access to major roadways and is surrounded by a thriving commercial area. Benefit from the proximity to established businesses such as Albertsons, Planet Fitness, DD's Discount Store, O'Reilly Auto Parts, and Walgreens, creating a synergistic environment and attracting a substantial customer base. This property is ideal for a restaurant seeking a well-established, high-traffic location with convenient amenities. The property's latitude and longitude coordinates are 32.2965447, -106.7738252 respectively. This turnkey opportunity is ready for your restaurant concept.

• CAP approach

  CAP return

  Valuation

  6%

  $236,609

  6.5%

  $218,408

  7%

  $202,808

• Comparable approach

  Method

  Valuation

  Relative Method

  $362,552

  Geo Method

  $362,552

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $424,914

  Mixed-Use / Specialty

  $218,035

  Hospitality / Lodging

  $160,493

  Office

  $217,162

  Institutional / Educational

  $226,813

  Residential Income

  $265,371

  Multifamily

  $316,025

  Automotive / Energy

  $194,411

  Parking / Income-Based Land

  $66,688.60

  Restaurant / Food Service

  $114,267

  Healthcare / Senior Housing

  $223,175

Location Insight

City

Las Cruces

County

Dona Ana

State

New Mexico

Latitude

32.2964

Longitude

-106.774

CBSA code

29740

CBSA name

LAS CRUCES, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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