500 Telshor BlvdLas Cruces, NM 88011

Property Details for 500 Telshor Blvd

Year built

2003

Construction

FRAME

Lot size

1.33 AC

Property size (Sq ft)

9,741 SF

Zone code

GEN-COMMERCL

Property type

Retail properties

Property subtype

Turn key restaurants

APN

4-009-135-217-051

APU

4009135217051

Description

This exceptional 10,769+/- square foot single-tenant retail space, ideally suited for a restaurant, is situated on a 1.33-acre lot in a prime Las Cruces location. Positioned as a highly visible outparcel of the Las Cruces Regional Mall, this property benefits from its location at a signalized intersection, ensuring maximum exposure to a substantial customer base. The property enjoys proximity to a range of established retailers, including Target, Sprouts, Walmart, Albertsons, and Hobby Lobby, creating a synergistic retail environment. The high traffic counts on nearby E Lohman Ave (13,149 VPD), S Telshor Blvd (19,625 VPD), and I-25 (30,395 VPD) underscore the significant potential for customer traffic. Adjacent to the newly opened Bubba's 33, this property offers immediate access to a thriving commercial area. A liquor license and existing furniture, fixtures, and equipment (FF&E) may be available through negotiation as part of a purchase or lease agreement. Furthermore, the property's size and location present opportunities for redevelopment or the creation of additional pad sites, offering considerable flexibility for future expansion or adaptation. This is a rare opportunity to acquire a well-located, high-traffic retail space with significant growth potential in a rapidly developing market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,418,810

  6.5%

  $1,309,671

  7%

  $1,216,123

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,084,674

  Geo Method

  $4,084,674

• Alternative Use

  Use

  Valuation

  Residential

  $1,104,757

  Hospitality

  $1,011,951

  Educational

  $841,932

  Medical

  $870,887

  Retail

  $1,309,671

Location Insight

City

Las Cruces

County

Dona Ana

State

New Mexico

Latitude

32.3144

Longitude

-106.744

CBSA code

29740

CBSA name

LAS CRUCES, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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