301 Lohman AveLas Cruces, NM 88001

Property Details for 301 Lohman Ave

Year built

1955

Lot size

0.23 AC

Property size (Sq ft)

2,466 SF

Zone code

GEN-COMMERCL

Property type

Office properties

APN

4-007-135-321-322

APU

4007135321322

Description

This prime commercial property at 301 E Lohman Avenue in Las Cruces, New Mexico, presents a unique investment opportunity. Located in the heart of downtown, this property enjoys exceptional visibility and accessibility, with a daily traffic count exceeding 15,000 vehicles. Previously utilized as a successful dental practice, the single-suite building offers versatile space suitable for a variety of commercial uses. The property is zoned for commercial use and is available for both lease and purchase. The building itself has a total of one suite, although the total square footage is not currently specified. The property includes both office space and land, making it an attractive option for businesses seeking a prominent downtown location. Its central location in Dona Ana County, New Mexico, zip code 88001, provides easy access to local amenities and a strong customer base. This high-traffic corner lot offers unparalleled exposure, making it an ideal location for businesses seeking maximum visibility and convenient access for their clients. The property's previous success as a dental practice demonstrates its potential for a wide range of commercial ventures. This is a rare opportunity to acquire a highly visible and strategically located commercial property in a thriving downtown area. Don't miss this chance to secure a premium location in a bustling commercial district.

• CAP approach

  CAP return

  Valuation

  6%

  $244,341

  6.5%

  $225,546

  7%

  $209,435

• Comparable approach

  Method

  Valuation

  Relative Method

  $410,342

  Geo Method

  $410,342

• Alternative Use

  Use

  Valuation

  Residential

  $279,677

  Hospitality

  $256,182

  Educational

  $213,141

  Medical

  $220,471

  Retail

  $331,552

Location Insight

City

Las Cruces

County

Dona Ana

State

New Mexico

Latitude

32.307

Longitude

-106.775

CBSA code

29740

CBSA name

LAS CRUCES, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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