2600 Lakeside DrLas Cruces, NM 88005

Property Details for 2600 Lakeside Dr

Year built

2000

Lot size

2.37 AC

Property size (Sq ft)

19,390 SF

Zone code

AGRICULTURAL

Property type

Retail space

APN

4-006-136-309-455

APU

4006136309455

Description

This exceptional 29,025-square-foot commercial property, situated on a 2.37-acre lot in Doña Ana County, presents a unique investment opportunity. Built in 2000 and renovated in 2002, the single-tenant building boasts a strategic location at the corner of I-10 and Avenida de Mesilla, offering unparalleled visibility to a high volume of traffic. The property's C-3 zoning allows for a variety of uses. The building features a two-story design and comprises several distinct areas: a 16,020-square-foot retail/showroom space, a 5,385-square-foot service garage, and a 7,620-square-foot storage/warehouse/mechanical area. Ceiling heights vary from 10 to 22 feet, providing flexibility for diverse operational needs. The property's proximity to the entrance of historic Old Mesilla adds to its appeal, offering convenient access to a vibrant and historic district. This property is ideal for businesses seeking high visibility, ample space, and a strategic location along a major interstate. The combination of retail, service, and warehouse space makes it suitable for a wide range of commercial enterprises. This is a rare opportunity to acquire a well-maintained, strategically located commercial property with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,824,221

  6.5%

  $2,606,973

  7%

  $2,420,761

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,130,770

  Geo Method

  $8,130,770

• Alternative Use

  Use

  Valuation

  Residential

  $2,199,080

  Hospitality

  $2,014,345

  Educational

  $1,675,911

  Medical

  $1,733,548

  Retail

  $2,606,973

Location Insight

City

Las Cruces

County

Dona Ana

State

New Mexico

Latitude

32.2889

Longitude

-106.793

CBSA code

29740

CBSA name

LAS CRUCES, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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