Turnkey Dispensary + Real Estate
PROFESSIONAL & MEDICAL OFFICE OPPORTUNITY
Marketing description
2010 & 2013 Pecan Drive, Alamogordo, NM, includes a 6,138-square-foot freestanding commercial building with a small second-floor component, situated on approximately 0.71 acres across two separate parcels. The main parcel contains the building and primary parking, while the second parcel is located across the street and provides additional flexibility.
Built in 1989 and renovated in 2022, the property offers a functional layout adaptable to medical, daycare, office, or retail uses. Zoned C-3 Commercial and owned fee simple, the asset provides flexibility for both owner-user occupancy and long-term repositioning.
The property is currently occupied by S & H Green Life, an operating cannabis dispensary. The business is available for purchase separately, though the real estate can be repositioned for alternative permitted uses.
Investment highlights
OWNER-USER OPPORTUNITY WITH FLEXIBLE C-3 COMMERCIAL ZONING - The property is well suited for medical office, daycare, professional office, or retail/service uses. The flexible C-3 zoning allows for a wide range of commercial applications, providing adaptability for a buyer’s specific operational needs.
FREESTANDING 6,138 SF BUILDING WITH SECOND-FLOOR COMPONENT - The building features a functional layout with a primarily single-story footprint and a small second-floor area ideal for offices, management space, or storage. Strong frontage on Pecan Drive provides visibility and accessibility.
ADDITIONAL 0.28-ACRE PARCEL ACROSS THE STREET (2013 PECAN DR) - The separate parcel across Pecan Drive offers supplemental parking, outdoor use potential, storage flexibility, or long-term development optionality. While not contiguous, it meaningfully enhances the overall usability and scalability of the offering.
RECENTLY RENOVATED BUILDING (2022 UPGRADES) - The property underwent significant improvements in 2022, including upgraded electrical systems, HVAC enhancements, and interior improvements. These upgrades reduce near-term capital requirements and support a wide range of commercial uses.
OPTIONAL TURNKEY CANNABIS BUSINESS AVAILABLE FOR PURCHASE - The currently operating S & H Green Life dispensary business and its Type 3 cannabis license are available for purchase in addition to the real estate. This presents optional value for a buyer seeking an established operational platform, though the property can be repositioned for alternative permitted uses.
STRONG DEMOGRAPHICS AND DAYTIME EMPLOYMENT BASE - Within a 3-mile radius, the property benefits from over 26,000 residents and more than $300 million in annual consumer spending. The surrounding area includes healthcare providers, schools, and service-oriented businesses—ideal for medical, daycare, or professional office users.
AMPLE PARKING AND FUNCTIONAL SITE LAYOUT - The property offers onsite parking along with the additional parcel across the street, providing expanded parking or operational flexibility. The layout supports efficient circulation and adaptability for future use.
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