311 Southgate CtLas Cruces, NM 88005

Property Details for 311 Southgate Ct

Year built

2008

Lot size

1.36 AC

Property size (Sq ft)

16,204 SF

Zone code

LT-MANUFACTR

Property type

Warehouses

APN

4-005-136-437-107

APU

4005136437107

Description

This exceptional industrial flex property, located at 311 Southgate Ct in Las Cruces, New Mexico, presents a compelling investment opportunity. The ±18,926 square foot building sits on a ±1.68-acre lot and boasts a 2008 construction date. The property features impressive ceiling heights ranging from 16 to 22 feet, providing ample vertical space for various uses. Climate control is ensured with refrigerated air throughout the building, powered by six 8-ton units. The property is zoned M1, offering flexibility for a range of industrial and commercial applications. Its strategic location offers convenient access to Interstate 10, situated approximately 1.5 miles away. Currently, 50% of the space is leased through November 2026, providing immediate income potential. The asking price for this well-maintained and strategically located property is $2,000,000. This represents a significant opportunity to acquire a substantial industrial flex space in a growing New Mexico market with existing lease income. The property's size, features, and location make it ideal for a variety of businesses seeking a functional and well-equipped space in Doña Ana County, zip code 88005.

• Alternative Use

  Use

  Valuation

  Residential

  $1,837,745

  Hospitality

  $1,683,365

  Educational

  $1,400,540

  Medical

  $1,448,706

  Retail

  $2,178,618

Location Insight

City

Las Cruces

County

Dona Ana

State

New Mexico

Latitude

32.2982

Longitude

-106.806

CBSA code

29740

CBSA name

LAS CRUCES, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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