Retail Space - For Sale
1415 South Valley Drive Las Cruces, NM 88005
Details & Description
Price: $6,149,876
  • Property Type Retail for Sale : Shopping Center
  • Lot Size Acres 0.000
  • Building Sq Ft 28,305
  • Building Price per Sq Ft $217.27
This investment property is located at the SE corner of Valley Dr. and Avenida de Mesilla in Las Cruces, NM. The intersection of Valley Dr. and Avenida de Mesilla is the primary intersection servicing the west side of Las Cruces, for retail and service based businesses. This center enjoys excellent visibility from Valley Dr. and a strong tenant mix of retail, office and medical users. Having a diverse tenant mix, reduces risk for the investor. The current market provides for potential rent increases upon renewal, due to limited vacancy in the trade area and several current tenants at below market rental rates.
Additional Photos
Listing Agents
Jake Redfearn
NAI 1st Valley
O: 575-521-1535
M: 575-635-5895
jake@1stvalley.com
Jacob Slavec
NAI 1st Valley
O: 575-644-8529
jacob@1stvalley.com
Randy McMillan
NAI 1st Valley
O: 575-521-1535
M: 575-640-7213
randy@1stvalley.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

1415 South Valley Drive

Las Cruces, NM 88005

Listing ID: 230581
$6,149,876
For Sale
  • Property Type Retail for Sale : Shopping Center
  • Lot Size Acres 0.000
  • Building Sq Ft 28,305
  • Building Price per Sq Ft $217.27
  • 1415 South Valley Drive Las Cruces, NM 88005 - main image
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1415 South Valley Drive - main image
1415 South Valley Drive - alt image 2
1415 South Valley Drive - alt image 3
1415 South Valley Drive - alt image 4
1415 South Valley Drive - alt image 5
Description

This investment property is located at the SE corner of Valley Dr. and Avenida de Mesilla in Las Cruces, NM. The intersection of Valley Dr. and Avenida de Mesilla is the primary intersection servicing the west side of Las Cruces, for retail and service based businesses. This center enjoys excellent visibility from Valley Dr. and a strong tenant mix of retail, office and medical users. Having a diverse tenant mix, reduces risk for the investor. The current market provides for potential rent increases upon renewal, due to limited vacancy in the trade area and several current tenants at below market rental rates.

Attachments & Files

Listing Demographics for 1415 South Valley Drive Las Cruces, NM 88005

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population5,38159,96996,893
Population Median Age413637
Population by Age0-9 Yrs506 (9%)7083 (11%)11736 (12%)
10-19 Yrs788 (14%)8577 (14%)13700 (14%)
20-29 Yrs933 (17%)14610 (24%)20385 (21%)
30-39 Yrs472 (8%)6898 (11%)10705 (11%)
40-49 Yrs605 (11%)5822 (9%)9814 (10%)
50-59 Yrs641 (11%)5577 (9%)9725 (10%)
60-69 Yrs638 (11%)5747 (9%)9810 (10%)
70+ Yrs797 (14%)5654 (9%)11017 (11%)
Median HH Income$29,944$32,390$39,520
Total Household Income< 24K939 (40%)9539 (40%)12509 (33%)
25-49K703 (30%)6152 (26%)9651 (25%)
50-74K338 (14%)3820 (16%)6263 (16%)
75-99K109 (4%)1818 (7%)3695 (9%)
100-199K193 (8%)1812 (7%)4522 (11%)
200K+38 (1%)387 (1%)1080 (2%)
Highest Education LevelNo Diploma69762708637
Diploma or GED899848712859
Some College860830613892
Assoc. Degree27628254643
Bachelors Degree518540110833
Higher Degree31034137451
Total Housing Units2,52926,94042,786
--Owner-Occupied1,11310,70719,602
--Renter-Occupied1,20712,82118,119
Owner-Occupied Values< 100K45837765050
100-199K40051118752
200-299K11510573470
300-399K1023761169
400-499K14162629
500K+22224532
Total Working Age Population4,42448,89178,504
In Work Force2,37728,99146,018
Not In Work Force2,04719,90032,486
Workforce Employed2,15326,28442,205
Workforce Unemployed2242,6403,628
Civlian Workforce2,37728,92345,834
Military Workforce068185
Total Households2,32023,52737,721
Family Households1,28813,24022,770
Non-Family Households1,03110,28714,951
Married Couple6927,18414,576
Other Family5966,0568,194
Married w/Child2032,6995,328
Single Male w/Child6659788
Single Female w/Child2842,4593,497

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
New Mexico1,819,046+132,059,179+62,187,183+62,308,475
Doña Ana County174,682+20209,233+11232,946+9255,070

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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