370 - 380 PANORAMA BLVD

Potential Uses

Restaurant - Fast Food/Dining/Brewing, Entertainment, Retail - Freestanding, Retail - Convenience Store, Retail - Strip Mall/Shopping Center, Automotive Services, Hospitality - Hotel/Motel, Bank/Financial Institution, Offices, Professional Offices, Doctors Office, Medical Services, Residential - Apartments/Multi-Family

Property Description

Two business lots adjacent to Alamogordo’s newest hotels: the FAIRFIELD INN, the HAMPTON INN, and the HOLIDAY EXPRESS. Over 500 motel rooms are within walking distance of these building sites, as are STARBUCKS and Alamogordo’s most popular restaurants. Panorama Blvd extends from its signalized intersection with White Sands Blvd, (US Highways 54 and 70), east, all the way to the Scenic Drive loop, at the base of the Sacramento Mountains, forming the east boundary of Alamogordo. Although only 2 lanes wide, Panorama Blvd. is a feeder street serving the southeast quadrant of Alamogordo. This traffic exposure and a constant flow of hotel/motel guests, create opportunity for businesses that can locate to these two lots. A larger user has the option of merging both lots into a single lot, with approval from the City of Alamogordo.

Adjacent to these two lots is Lot 21G, with 11,660 square feet of area. See Plat. This additional lot may be available at the same price per square foot.

This property would also be an excellent location for apartments, since it would be one of the few apartment located on the Holloman Air Force Base side of the Dity and one of the few locations of apartments within walking distance of numerous restaurants, many with liquor licenses.

Property Size

LOT 3I HAS 81.1 FEET OF FRONTAGE AND 14,680 SF OF AREA.

LOT 4I HAS 81.12 FEET OF FRONTAGE AND 17,990 SF OF AREA.

Utilities

All utilities are on or adjacent to the property.

Zoning

C-3 Business, which also allows multi-family use.

Flood Zone

Each lot is flood zone X along the frontage and flood zone AH to the rear.

Neighbors

Fairfield Inn and Carino’s Italian Restaurant, Motel 6, Holiday Express, Chili’s Restaurant, Taco Bell, Starbucks, and a variety of other restaurants are within walking distance. Hunter’s Ridge Apartments is located across Panorama Blvd. from these lots.