$130,000
PRIME 1.67 - ACRE COMMERCIAL DEVELOPMENT SITE NEAR NMSU-A &
Details
APN R018143, R020574, R020575
Property Type Land
Sub Type Commercial
Tenancy Vacant
Acreage 1.668
Zoning Commercial District
Investment Type Owner/User
Land | 1.668 acres
Marketing description
This Operating Memorandum outlines the acquisition, development, and operational strategy for a 1.668-acre commercial land parcel located in Alamogordo, New Mexico. The property presents a strong opportunity for commercial development due to its proximity to New Mexico State University–Alamogordo (NMSUA), a regional hospital, and established city infrastructure.
The site is currently unimproved and zoned for commercial use, with all major utilities available at the property line. The offering includes three contiguous lots, enabling flexible development configurations.
Investment highlights
- Near NMSU–Alamogordo campus
- Proximity to regional hospital and healthcare services
- Accessible via city streets with strong visibility potential
- Growing local population and service demand
- Land Type: Unimproved
- Topography: Assumed developable (subject to survey)
- Flood Zone: Yes (requires due diligence and mitigation planning)
- Utilities Available: Electricity – at property line, Gas – at property line, Water – at property line, Telephone – at property line
- Retail centers or strip mall
- Medical or professional office space
- Mixed-use commercial (retail + office)
- Quick-service or full-service restaurants
- Service-oriented businesses (e.g., salons, fitness, clinics)
- Multi-tenant development
- Pad site subdivision
- Owner-user development with expansion capacity
- 1,100+ students plus faculty/staff presence
- Consistent daily traffic and local workforce
- Strong tie-in with education + workforce training demand
- Strong local demand for essential services
- Proximity to institutional anchors (education & healthcare)
- Utility-ready infrastructure at the site
- Flexible commercial zoning
Listing Contacts
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
Similar Properties
Is there information that looks off?
