2350 E Lohman Ave - Freestanding FOR SALE


Las Cruces, NM 88001
$3,610,408 USD
505-837-4955
2350 E Lohman Ave, Las Cruces, NM for Sale
$3,610,408 USD
Freestanding - FOR SALE
1/4
null | Request Cap Rate

2350 E Lohman Ave
Las Cruces, NM 88001


HIGHLIGHTS

  • Priced well below replacement cost
  • Annual site visits in excess of 636,000 (Placer)
  • Unobstructed visibility from Lohman Ave. - 20,634 VPD
  • Hig performing adjacent tenants include Hobby Lobby, Burlington and Sprouts

OVERVIEW

Excellent retail building in major Las Cruces, NM trade area, just off Interstate 25 (32,186 VPD) and fronting on Lohman Ave. (20,634 VPD). Adjacent to Burlington and Sprouts, the property is located on the main retail corridor in Las Cruces, NM. Offering a rare opportunity to own a free standing, 22,991± SF (former Big Lots) which is located across from Mesilla Valley Mall. Surrounded by well-established retailers, Walmart, Hobby Lobby, Best Buy, Staples and Old Navy as well as Mesilla Valley Mall and Laguna Seca Shopping Center in close proximity - this property offers a superior location for retailers looking to relocate or expand to the area. Las Cruces is the second largest city in New Mexico and is located in the southern part of the state at the crossroads of I-10 and I-25. Less than an hour from El Paso, Las Cruces is the mid-point between San Diego, CA and Dallas, TX. Home of the Aggies, New Mexico State University spans across 900 acres and serves over 20,000 students from all over the United States and the world.

FOR SALE DETAILS

PRICE

$3,610,408 USD

PRICE/SF

$157 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Major Retail Trade Area off I-25

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C2

APN/PARCEL ID

02-21822

ASK ABOUT THIS PROPERTY

James DountasCBRE, Inc.More Info
505-837-4955

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James DountasCBRE, Inc.More Info
505-837-4955

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.