125 Main StLas Cruces, NM 88001

Property Details for 125 Main St

Year built

1972

Lot size

0.10 AC

Property size (Sq ft)

7,842 SF

Property type

Office buildings

APN

4-007-135-207-210

APU

4007135207210

Description

This exceptional 1,600-square-foot office space is ideally situated at 125 S Main Street in the heart of Las Cruces, New Mexico's vibrant Central Business District (CBD). Built in 1981, this single-story building offers a single-tenant occupancy opportunity, perfect for a business seeking a prominent location and ample space. The property boasts a generous 10-parking space lot, ensuring convenient parking for employees and clients. The interior layout comprises five individual offices, a dedicated breakroom, and substantial storage areas, providing flexibility for various business needs. The zoning designation is CBD, reflecting its prime location within the city's commercial core. The property's address is 125 S Main St, Las Cruces, NM 88001, and its Doña Ana County Assessor's Parcel Number (APN) is 4-007-135-234-235. The entire 1,600 square feet is currently vacant, presenting a unique chance for immediate occupancy. This property represents a rare opportunity to establish a business presence in a high-traffic, highly visible location within the bustling downtown Las Cruces area. The building's single-story design offers easy accessibility and efficient use of space. The ample parking further enhances the property's appeal and practicality.

• CAP approach

  CAP return

  Valuation

  6%

  $777,017

  6.5%

  $717,246

  7%

  $666,014

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,304,909

  Geo Method

  $1,304,909

• Alternative Use

  Use

  Valuation

  Residential

  $889,385

  Hospitality

  $814,672

  Educational

  $677,798

  Medical

  $701,108

  Retail

  $1,054,352

Location Insight

City

Las Cruces

County

Dona Ana

State

New Mexico

Latitude

32.3101

Longitude

-106.779

CBSA code

29740

CBSA name

LAS CRUCES, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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