101 KERRY AVE
Potential Uses
Restaurant - Fast Food/Dining/Brewing, Entertainment, Retail - Freestanding, Automotive Services, Hospitality - Hotel/Motel, Bank/Financial Institution, Offices, Professional Offices, Doctors Office, Pharmacy, Medical Services, Government
Property Description
Traffic entering Alamogordo from US Hwy 54, US Hwy 70 (El Paso, TX and Juarez, MX), White Sands Missile Range and Holloman Air Force Base look down onto this property from the Railroad overpass, giving a business located here unequalled exposure to highway traffic. Employees and service members from Holloman and White Sands Missile Range (US Army) living in Alamogordo travel this route five times a week, permanently embedding the image of the business to be located on this property in their memories. That business exposure is more valuable than any media advertising if the business’s signage and architecture are well-designed.
This location, adjacent to New Mexico Department of Transportation highway right of way, offers a unique advantage. This adjoining NMDOT land, an additional 50,000 sf, can be leased at reasonable rates for parking, landscaping and signage use. Neighboring Chili’s and Taco Bell Restaurants have leased NMDOT land and developed it for such uses, significantly increasing their useable area without appreciable increases in land expense.
Property Taxes: $600, Property Account: R019345
Property Size
26,830 square feet overall, subject to easements shown on survey, attached.
Price
$450,000
Utilities
All utilities are available to this property and already serve the adjacent Chili’s restaurant and Hampton Inn.
Zoning
C-3 Commercial
Access & Easements
Access is by Kerry Avenue. Utility and drainage easements cross the northeasterly portion of this tract of land, requiring appropriate site planning.
Flood Zone
Flood Zone AH
Neighbors
Chili’s, Taco Bell and Carino’s Italian restaurant, Holiday Express Hotel, Hampton Inn and Fairfield Inn.
Detriments
Irregular shape will require specific planning of building location due to drainage and utility easements on property.
Significant Benefits
The visibility of this location for traffic entering Alamogordo from Holloman Air Force Base, White Sands Missile Range, Las Cruces and the El Paso-Juarez metroplex is extarordinary. Traffic entering Alamogordo looks down onto this property from the highway overpass, giving a business located here unequalled exposure to highway traffic. Employees and service members from Holloman and White Sands Missile Range (US Army) living in Alamogordo travel this route five times a week, permanently embedding the image of the business to be located on this property in their memories. That business exposure is more valuable than any media advertising if the business’s signage and architecture are well-designed.
Drainage crossing the property in the easement can be put into an underground culvert, allowing the area above the drainage easement to be used for parking and other similar uses.
This property is also available on a long term unsubordinated ground lease; the adjoining Chili’s restaurant operates on an unsubordinated ground lease.
