Indian Wells Blvd @ Scenic Drive
Medical Office building site, near Christus Health Regional Hospital
Marketing description
The north east corner of the intersection of two of the major arterial thoroughfares in Alamogordo, Indian Wells Blvd. and Scenic Drive, is one of the most diverse building sites in the city. Located at the top of Indian Wells Blvd., this 5.3 acres offers a panoramic view of the Tularosa Basin and the White Sands National Park to the west, and the rugged Sacramento Mountains to the east. It will be an architects delight to develop, because of these extraordinary views. And its gentle slope from its uppermost easterly boundary, west to scenic Drive, will give buildings throughout this site, equally-breathtaking views.
Some of Alamogordo‘s most important institutions neighbor this property: the New Mexico Museum of Space History, the Tays Special Events Center, the Alamogordo branch of New Mexico State University and Christus Regional Medical Center. Christus Regional Medical Center employs 1,300 people. The traffic and the business generated by these institutions add to the diverse development potential this 5.3 acres, 230,000 SF, offers its developer. And as one drives east on Scenic Drive, approaching this property, one will pass the very popular Walmart Neighborhood Market and numerous medical offices.
With its location and its panoramic views, it is entirely possible that no other building site in Alamogordo offers this much opportunity for its diversity of development.
This property is covered by three Otero County Assessor property accounts, R010333, R019111 and R020281.
The full 5.3 acres is available for purchase at a price of $7.50 per square foot, $1,750,000. It is also available on an unsubordinated ground lease at a base lease rate of $11,000 per month.
Investment highlights
1) The stand-out location of this property at this key intersection near the New Mexico Museum of Space History, the Tays Special Events Center, the Alamogordo branch of New Mexico State University and Christus Regional Medical Center makes this property desirable for many development purposes.
2) Scenic Drive is Alamogordo’s longest collector arterial thoroughfare, extending the full length of the City’s east and north boundaries, and intersecting the Alamogordo Relief Route and White Sands Blvd, (US Highways 54 & 70). Indian Wells Blvd is one of the city’s three major east-west arterials.
3) The New Mexico Museum of Space History receives over a quarter million visitors yearly. An attractive building on this corner will capture their attention for your commercial benefit.
4) With its close proximity to the Christus Regional Medical Center, this acreage is ideal for subdivision and development into medical and professional office building sites.
5) Physical therapy facilities and numerous medical offices are on Indian Wells Blvd, west of this property.
6) Walmart Neighborhood Market, ¼ mile to the west, is very popular.
7) This corner location is also well suited for retail, convenience store, restaurant and multi-family development. Current zoning allows all these uses.
8) Architecturally, this site offers panoramic views in all directions. White Sands National Park is even visible to the west.
For a single sale, the property is priced at $7.60/SF, $1,750,000, or it is available to develop at a base lease rate of $12,000/month on an unsubordinated ground lease. Owner will consider dividing the 5.3 acres at a price to-be-determined.
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