www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
24552032
26368507

370 Panorama Blvd, Alamogordo, NM 88310

MS
NM 4041C
Westsource Corp
Listed by Westsource Corp
$150,000
328 days on market
Updated 72 days ago

370-380 Panorama Blvd.

Details
Property Type Office, Retail
Sub Type Restaurant, Storefront (+1)
Lot Size (SqFt) 32,670
Zoning C-3 Business, which also allows multi-family use.

Double the Opportunity – Two Business Lots

Marketing description

These two business lots are adjacent to Alamogordo’s newest hotels: the FAIRFIELD INN, the HAMPTON INN, and the HOLIDAY EXPRESS. Over 500 motel rooms are within walking distance of this building sites, as are STARBUCKS and Alamogordo’s most popular restaurants. Panorama Blvd extends from its signalized intersection with White Sands Blvd, (US Highways 54 and 70), east, all the way through Alamogordo to the Scenic Drive loop at the base of the Sacramento Mountains, forming the east boundary of Alamogordo. Panorama Blvd. is a feeder street serving the southeast quadrant of Alamogordo. This traffic exposure and a constant flow of hotel/motel guests, create opportunity for businesses that can locate to these two lots. They can be purchased individually at $5/SF. Lot 3I, at 370 Panorama, has 14,675 square feet and is priced at $73,375. Lot 4I, at 380 Panorama, has 17,990 square feet and is priced at $89,950. A larger user has the option of merging both lots into a single 32,665 square foot lot, with approval from the City of Alamogordo.

Adjacent to these two lots is Lot 21G, with 11,660 square feet of area. See Plat. This additional lot may be available at the same price, $5 per square foot.

This property would also be an excellent location for apartments, since it would be one of the few apartment located on the Holloman Air Force Base side of the Dity and one of the few locations of apartments within walking distance of numerous restaurants, many with liquor licenses.

LOT 3I HAS 81.1 FEET OF FRONTAGE AND 14,680 SF OF AREA. - R01112082

LOT 4I HAS 81.12 FEET OF FRONTAGE AND 17,990 SF OF AREA. - R0112084

Investment highlights

Fairfield Inn, Carino’s Italian Restaurant, Motel 6, Holiday Express, Chili’s Restaurant, Taco Bell, Starbucks, and a variety of other restaurants are within walking distance. Hunter’s Ridge Apartments is located across Panorama Blvd. from these lots.

Listing Contacts

MS
NM 4041C
Westsource Corp
Listed by Westsource Corp

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

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.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591