Downtown Main Street Redevelopment

Retail-Commercial for Sale
Catylist Listing ID: 30240626
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 4,750 SF
Gross Land Area: 4,750 SF
Sale Price: $475,000
Unit Price: $100 PSF
Ceiling: 15 ft.
Property Use Type: Vacant/Owner-User, Business
Building Name: Plaza Redevelopment
Usable Size (USF): 4,750 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 11/1/2018

Overview / Comments

Exceptional Investors and Entrepreneurs opportunity for prime Specialty Retail, Restaurant, Bar and Grill, Brew Pub, Coffee House, Specialty Grocery, Wellness Center nestled amid the Las Cruces Downtown Mainstreet Revitalization District. This property is ideally situated just one-half block from the vibrant event filled Plaza de las Cruces. The property features Main street frontage, side pedestrian causeway and rear parking area access attracting abundant foot traffic from numerous scheduled events and the storied Las Cruces Farmers & Crafts Market. The property presents numerous possibilities with high ceilings and potential rooftop dining and entertainment experiences. The downtown Mainstreet redevelopment district is anchored by City of Las Cruces City Hall and administrative headquarters, a recently constructed federal Courthouse, Loretto Town center and the landmark Las Cruces Tower. The district attracts a wealth of cultural and natural arts infused with public spaces.

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Retail Clientele: General, Family, Business, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Main
Area Description: The downtown Mainstreet redevelopment district is anchored by City of Las Cruces City Hall and administrative headquarters, a recently constructed federal Courthouse, Loretto Town center and the landmark Las Cruces Tower. The district attracts a wealth of cultural and natural arts infused with public spaces.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,750 SF
Year Built: 1988
Year Renovated: 2000
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: brick
Total Parking Spaces: 20
Parking Description: Common area parking
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System, Other
Internet Access: Cable, DSL, Satellite
Zoning Description: Main-Street Economic redevelopment corridor
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: S:18 T:23S R:2E

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,324 78,785 115,795
Median Age: 36.89 33.13 35.05
Households: 5,729 31,448 46,137
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.