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24243388
24243387

2815 Indian Wells Rd, Alamogordo, NM 88310

MS
NM 4041C
Westsource Corp
Listed by Westsource Corp
$250,000
329 days on market
Updated 72 days ago

2815 Indian Wells Blvd

Details
Property Type Multifamily, Office (+2)
Sub Type Apartment Building, QSR/Fast Food (+1)
Broker Co-Op Yes
Lot Size (SqFt) 12,500 - 50,000
Zoning C-3 Business
Ownership Owner/ Broker
Sale Condition For sale by owner

Multi-Family

Marketing description

The property located at 2815 Indian Wells Blvd. in Alamogordo is a commercial building site consisting of four lots, offering a total of 200 feet of frontage and 250 feet of depth, equating to 50,000 square feet. Surrounding the property are several key establishments, including a number of medical offices, Christus Regional Medical Center (the only hospital in Alamogordo), New Mexico State University – Alamogordo, the New Mexico Museum of Space History, the Tays Special Events Center, and Walmart Neighborhood Market. Indian Wells Boulevard serves as one of Alamogordo’s primary east-west arterial routes, which are all interconnected by Scenic Drive, which circles the eastern and northern periphery of the city. This location benefits from being only one block from the Walmart Neighborhood Market and near New Mexico State University/Alamogordo and Christus Regional Medical Center. Its convenience to the hospital would also make apartments on this location well suited to traveling medical professionals, who look for fully-furnished apartments with all utilities and other amenities provided. On the attached aerial photo, these lots have County numbers R018138, R021933, R018140 and R021932.

Priced at $5.00 per square foot, $250,000, for a purchase of the entire tract of four lots. The East two lots or the West two lots can be purchased for $125,000. For a single lot purchase, the west lot closest to the Walmart Neighborhood Market, County number R018138, with 50 feet of frontage on Indian Wells Blvd, and 250 feet of depth, totaling 12,500 square feet of area, can be purchased for $75,000. This lot will support a 3,000 Square Foot office or retail building with parking, or six apartment units.

Investment highlights

It benefits from being only one block from the Walmart Neighborhood Market and near New Mexico State University/Alamogordo and Christus Regional Medical Center. Its convenience to the hospital would also make apartments on this location well suited to traveling medical professionals, who look for fully-furnished apartments with all utilities and other amenities provided. For multi-family use view of the nearby mountains provides architectural opportunities for creative architects. These mountain views would be a desirable amenity for apartment dwellers in Alamogordo.

Listing Contacts

MS
NM 4041C
Westsource Corp
Listed by Westsource Corp

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Additional Information

Name
Michael Shyne
License
4041C
Brokerage Phone
575-437-0220
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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