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- LoopNet Team
5294 South Florida Avenue
Alamogordo, NM 88310
Alamogordo Land Development Opportunity · Land For Sale
·
30.00 AC
INVESTMENT HIGHLIGHTS
- HISTORICAL POPULATION GROWTH
- AMPLE DEMAND FOR MORE APARTMENT COMMUNITIES
- WELL-POSITIONED COMMUNITY ALONG HIGHWAYS 70 AND 54
- WITHIN WALKING DISTANCE OF DESERT LAKES GOLF COURSE
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 30.00 AC |
| Property Subtype | Commercial | ||
| Zoning | R-1 Single-Unit Residenti | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 30.00 AC |
| Zoning | R-1 Single-Unit Residenti |
DESCRIPTION
Marcus & Millichap is pleased to announce the exclusive listing of an Alamogordo Land Development Opportunity. The site consists of +/- 30 acres of land located in Alamogordo, New Mexico. Alamogordo is located 67 miles northeast of Las Cruces, New Mexico, and 50 miles southwest of Ruidoso. The development site is positioned in a great location in the southern part of the town, just within walking distance of the Desert Lakes Golf Course and Golf Course Community. With an opportunity to rezone the land for R-2 Multifamily use, the current owner will consider rezoning the land to multifamily once under contract. According to the current owner, the process will take a few months. An ideal multifamily development at this site would be two-story apartment buildings, according to the geotechnical report.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,077,149 | |
| Land Assessment | $131,647 | Total Assessment | $1,208,796 |
PROPERTY TAXES
