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2146 W Picacho Ave 2,552 SF 100% Leased Retail Building Las Cruces, NM 88007 $850,000 ($333.07/SF)
INVESTMENT HIGHLIGHTS
- Priced to Sell at $1,050,000.
- 28 rooms, Exterior Corridor, Well-Maintained Condition.
- Positioned for Franchise Conversion – Unlock Higher RevPAR and Brand Value.
- Affordable Entry Independent Motel in New Mexico’s 2nd Largest City.
- Built-Out Vacant Restaurant Space Offers Immediate Lease or F&B Income Potential.
- Strong Location Along I-10 & US-70 with Excellent Visibility and Traffic.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,552 SF
Building Class
C
Year Built
1968
Price
$850,000
Price Per SF
$333.07
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
1.05 AC
Zoning
C-3
Parking
41 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
181’ on West Picacho Avenue
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-19901 | Improvements Assessment | $93,816 |
| Land Assessment | $60,928 | Total Assessment | $154,744 |
PROPERTY TAXES
Parcel Number
02-19901
Land Assessment
$60,928
Improvements Assessment
$93,816
Total Assessment
$154,744
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2146 W Picacho Ave
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