Commercial Real Estate for Sale in Alamogordo, New Mexico (NM)

Sale InvestmentMultifamily

The Pines Apartments

2161 Stardust Ct #2100, Alamogordo, NM 88310

$4.6M
32,329 SF building
1 ac
7.50% cap rate

The Pines Apartments is a 52-unit multifamily investment property located at 2161 Stardust Ct in Alamogordo, New Mexico. The property comprises approximately 32,329 square feet across seven buildings on 1.32 acres and is zoned R-4 for multiple-family dwelling use.The community has been recently renovated and updated, including interior renovations and a new roof installed in 2019. Unit amenities include washer and dryer hookups, fireplaces, and decks or patios. Studio units feature Murphy beds, and two-bedroom units include garages.The property is offered for sale at $4,625,000 and is reported at a 7.5% cap rate.52 total unitsFour single garagesFramed constructionParcel APNs: 01N4057094015453, 01N4057094021435, 01N4057094030452, 01N4057094030435, and 01N4057094041452

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Sale Land

150Ac Develop Site next 2 Historic La Luz-160 Yr/O Community

120 La Luz Rd, Alamogordo, NM 88310

$950K
154 ac

This approximately 154 acre tract of land is well laid out for development into a residential subdivision of small lots-1 to 2 acres, with each home owner drilling their own well and installing their own septic tank. It has been decades since a small lot subdivision has provided rural homesites in the Alamogordo/La Luz area. To maximize sales for the developer, the developer would offer seller financing. To increase interest income, the developer could install wells and septic tanks before they are sold, offering an opportunity to profit on their installation and financing.One large drainage way passes through the property and would need to be crossed using an engineered culvert. The drainage way through the property is a flood zone. This subdivision could be developed in phases, to lessen the burden on the developer, and allow the profit from one phase to be invested into the development of the next phase. An example of this type of development done well is the first subdivision on the West side of La Luz Road, as you continue North from the subject property.Electricity and Telephone follow La Luz Road, which runs the full North-South dimension of this property, and would be extended to each lot by the developer. A septic tank and well for each lot would be installed by the developer or by the Purchaser, based on the developer's marketing philosophy.The overall 154 acres extends almost 1 mile East to West and 1/4 mile North to South.

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Sale Land

20 Acres next to Mall for Large Development

3313 N White Sands Blvd, Alamogordo, NM 88310

20 ac

3313 North White Sands Blvd (US HWY 54/70) is where you want to place your national companies, on the “entrance” side of White Sands Blvd. This 20 AC tract of commercial property, extends from the north boundary of the White Sands Mall, north to Taco Bell and Casa Toyota. Its rear-west boundary is the Union Pacific Railroad. The 900 feet of this property’s frontage is North White Sands Blvd, which is US HWY 54 and 70.This property excludes the Taco Bell restaurant.The only current improvement on this property is the former Ritchie Distributing Company gas station and bulk storage facility, which has been closed for a decade. Its 6 underground fuel tanks remain in place and would need to be removed, along with the building and canopies, prior to development of that portion of the overall acreage.A drainage easement runs the full east-west length of the property, just south of the Ritchie Distributing Company building, providing an existing drainage way, valuable when engineering the development of the property. This easement can be easily crossed with a properly-engineered culvert. Additional drainage enters the property along the frontage just south of Taco Bell, and can be directed west, into the drainage way within the existing railroad right-of-way that parallels the west boundary of this property.Market Place Drive provides convenient access to the Scenic Drive collector street, which intersects with the Alamogordo Relief Route, a short distance west of this property. Scenic Drive extends the full length of Alamogordo’s north and east boundaries.This property can be subdivided for appropriate commercial use. Seller prefers to sell or ground lease the larger rear tracts of land prior to populating the frontage.

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Sale Land

14 AC Corner Across From New McDonalds

3601 N White Sands Blvd, Alamogordo, NM 88310

$1.9M
15 ac

This corner property enjoys top-visibility for south-bound traffic entering Alamogordo from Albuquerque, Ruidoso, Roswell, and Cloudcroft. The traffic safety requirements of the Alamogordo Relief Route limits highway access to the south 300 feet of its frontage on North White Sands Blvd.. A drainage way crosses this property, which will require an engineered culvert. However, that existing drainage way is a benefit when engineering drainage for the overall property. Priced at $1,915,000, $3 per square foot, for the overall 14.656 acres (638,415 square feet). Seller will consider a partial sale at a substantially increased price per square foot, and disclosure of the development to be placed on the property, as its use will impact the remainder. City water lines cross this property. Sewer line is approximately 900 feet south of its south boundary. Natural gas and electricity are also available to the property. Purchaser may be able to extend Market Place Drive north to this property, subject to approval of the adjoining land Owner. Please call broker on your Purchaser's specific questions.Also attached is an aerial photograph showing adjoining properties available for purchase.

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Sale Land

16 Acres - Serves South-Bound Traffic Entering Alamogordo

3501 N White Sands Blvd, Alamogordo, NM 88310

$270K
16 ac

With the diverse outdoor recreational opportunities with the Sacramento Mountains, Cloudcroft, and Ruidoso, and the multi-million population of the El Paso/ Juarez metroplex just 90 miles south, the amount of south-bound return-home traffic entering Alamogordo and passing by this property is substantial. Although McDonald's newest Alamogordo location is across the Highway, few commercial developments exist on this north side of Alamogordo, giving motel, restaurant, and retail developers unique opportunities. This commercial location on North White Sands Blvd will catch south-bound business traffic as it enters Alamogordo. Located north of the White Sands Mall and Casa Toyota, within the Alamogordo City Limits. City water and sewer located on adjoining property. Seller will subdivide overall 15.5 acre tract at Seller’s expense and can offer alternative lot sizes and configurations to meet purchasers commercial needs. Call listing broker to discuss pricing if lot configuration differs from 125 front feet by 140 ft depth.The property offered is 125 front feet by 240 feet depth, totaling 30,000 square feet, priced at $270,000. This property offers Purchasers’ a prime opportunity to showcase a high-visibility location as traffic enters the city from the north. Its strategic position makes it ideal for businesses like restaurants, motels, or retail stores, capturing the attention of incoming visitors and residents. The property’s location ensures maximum exposure and accessibility, driving potential customer traffic into Alamogordo, past this property.Price of $9 per SF is based upon a 30,000 SF commercial lot fronting on North White Sands Blvd (US Highways 54 &70) with approximate dimensions of 135 front feet and 222 feet of depth. Total area of Lots 2A and 3A is 15.5 acres so lot purchased can be larger or smaller, based upon the requirements of the user and approval of Seller. Actual use will have to be disclosed to Seller but can remain confidential if Purchaser so-requires. Additional commercial building sites are available in this area - See aerial map attached.

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Sale Land

Summer/Winter Traffic to Ruidoso and Cloudcroft

11 US Highway 82, Alamogordo, NM 88310

$950K
7 ac

This 7.016 acre (305,615 sf) building site forms the northeast corner of the signalized intersection of US HWYs 54, 70, 82, and the Alamogordo Relief Route. The traffic exposure this location has is extraordinary, as is its accessibility. This corner location captures the attention of traffic traveling to both nearby mountain resort and recreational areas: Ruidoso and Cloudcroft.The front 1 acre is encumbered by a traffic visibility easement from the New Mexico Highway Department, so it can only be used for ingress, egress, parking and sign pedestals. A drainage easement crosses the property from HWY 54/70 to HWY 82, and would need to be incorporated into building plans. Contact Broker for survey.This property is located within the City Limits of Alamogordo, and is Zoned C-3 Business. City water lines run along its south boundary. Connection can only be made to the 12 inch distribution water line. See water line location, attached. City sewer runs along the east side of White Sands Blvd. as far north as the McDonald's restaurant, approximately 1750 feet south of the property. Because of the city sewer’s distance from this property, septic tanks can be used for sewage, unless the need exceeds septic tank capability.The traffic at this HWY interchange will only grow every year, enhancing the desirability of this location. With the visibility and ease-of-access this property has, facing north-bound traffic, it may not be duplicated elsewhere in Otero County.See additional properties also available for purchase in this area of North White Sands Blvd.

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