1704 Tenth Street

Potential Uses

Restaurant - Fast Food/Dining/Brewing, Retail - Freestanding, Automotive Services, Offices, Construction

Property Description

Tenth Street is Alamogordo’s “Main Drag,” extending from the Alamogordo Relief Route, west of the City, east through Downtown, and through the entire city, to the base of the mountains forming the east boundary of the city. Everyone uses Tenth Street many times every week. This former automobile service station enjoys excellent daily traffic visibility because of its location on upper Tenth Street. PLANET FITNESS recently opened caty-corner to this property. This corner location provides access ease and has an additional parking area behind the building. Fuel tanks were removed in 1999 and clean soil test documentation is available from broker. One auto hoist conveys with property – condition unknown. Its three automobile repair bays have glass overhead doors, providing abundant natural lighting to interior work areas.

A new four-unit apartment building was recently completed immediately south of this corner property, the newest addition to the neighborhood.

This building can be remodeled for a variety of uses to take advantage of its well-trafficked location: a small restaurant, a retail business, an insurance office or other office use.

Property Size

This corner lot has 102.4 front feet on Tenth Street and 125 feet of frontage on Adams Avenue, its east boundary, for a total area of 12,800 SF. The building’s approximate area is 1385 square feet.

Price

$140,000. Seller will provide owner financing with a minimum of $25,000 down. Monthly payments will be $1410 for principal and 8% interest. This is a ten year payout. Buyer is also responsible for Otero County Property Taxes and building insurance.

Property taxes for 2021 were $1272 per year.

Zoning

C-3 Business

Access & Easements

Curb cuts provide access to Tenth Street and Adams Avenue.

Flood Zone

All of the Tenth Street business district is in flood zone AH.