Building Site Near Regional Hospital and NMSU/A

Overview

The property located at 2815 Indian Wells Blvd. in Alamogordo is a commercial building site consisting of four lots, offering a total of 200 feet of frontage and 250 feet of depth, totaling 50,000 square feet. It has recently received substantial clean (no debris), uncontrolled fill, which will need engineered compaction for construction, but saves considerable development costs because it is already in place. Surrounding the property are several key business establishments, including a number of medical offices, Christus Regional Medical Center, formerly Gerald Champion Regional Medical Center (the only hospital in Alamogordo), New Mexico State University – Alamogordo, the New Mexico Museum of Space History, the Tays Special Events Center, and Walmart Neighborhood Market. Indian Wells Boulevard serves as one of Alamogordo’s primary east-west arterial routes, which are all interconnected by Scenic Drive, which circles the eastern and northern periphery of the city. This location benefits from being only one block from the Walmart Neighborhood Market and near New Mexico State University/Alamogordo and Christus Regional Medical Center. Its convenience to the hospital would also make apartments on this location well suited to traveling medical professionals, who look for fully-furnished apartments with all utilities and other amenities provided. On the attached aerial photo, these lots have County numbers R018138, R021933, R018140 and R021932.Priced at $5.00 per square foot, $250,000, for a purchase of the entire tract of four lots. The East two lots or the West two lots can be purchased for $125,000. For a single lot purchase, the west lot closest to the Walmart Neighborhood Market, County number R018138, with 50 feet of frontage on Indian Wells Blvd, and 250 feet of depth, totaling 12,500 square feet of area, can be purchased for $75,000. This lot will support a 3,000 Square Foot office or retail building with parking, or six apartment units.