CITY CENTER


Potential Uses

Restaurant - Fast Food/Dining/Brewing, Entertainment, Retail - Freestanding, Retail - Convenience Store, Retail - Grocery Store/Supermarket, Retail - Strip Mall/Shopping Center, Automotive Services, Hospitality - Hotel/Motel, Bank/Financial Institution, Offices, Pharmacy, Residential - Apartments/Multi-Family, Church/Worship, Government

Property Description

400 US Highway 70 West, the CITY CENTER, captures the attention of all automobiles and trucking entering Alamogordo from the south and the west. It will develop with restaurants, hotels/motels, retail and entertainment, with multi-family behind these businesses, to benefit from living near these conveniences, and to be conveniently positioned on the Holloman Air Force Base side of the city. this 34 acres includes the two north corners of the signalized intersection of US Highways 54 and 70. Traffic approaching this property will see the restaurants and hotels located on this site, well before that traffic can view their competing restaurants and hotels, located only 1/4 mile away, but visibility-blocked by the highway’s overpass over the RailRoad. Even Starbucks, just 1/4 mile from this property, is not visible from the Highway 54/70 intersection. This visibility-exclusivity offers a very valuable advantage to businesses located on this site.

Property Size

34.7 acres

Price

Pricing will be based on the size of the desired tract, its location, access required and its use. One of the two owners is a charitable trust, preferring a long term ground lease to an outright sale.

Utilities

All utilities are near, or on this property.

Zoning

C-3 Commercial use and M-1 Light Industry. Rezoning to needed use can be a condition of the transaction.

Access & Easements

Access is by the intersection of US Highway 54 with US Highway 70, a signalized intersection which is located front-center on this property’s 1500 feet of Highway Frontage. US Highway 54 originates in Illinois and extends 1200 miles to El Paso, Texas, bordering Juarez, Mexico. US Highway 70 Extends from North Carolina, past this property to central Arizona. Two lanes of traffic enter the property at the signalized intersection, two lanes of traffic exit the property, traffic stacking lanes, turn lanes, deceleration and acceleration lanes are in place, all NMDOT-approved, constructed and awaiting site development. This property is essentially a 34 acre tract forming the two north corners of the four way intersection of the region’s two most important highways.

Flood Zone

The flood zone on this property is AH, requiring building pads to be constructed to the Base Flood Elevation.

Neighbors

Across Highway 70 from this 34 acres, the southwest corner of the intersection is Alamogordo’s first Wal-Mart, promptly replaced after opening because of inadequate size and now the home of a steel fabrication plant. The southeast corner of this intersection is a vacant acreage that lost most of its access to a New Mexico Department of Transportation condemnation action when this intersection was constructed in 2000.

Detriments

Property may benefit from relocation or underground replacement of utility lines along the front of this property.

Significant Benefits

This large tract is the cornerstone commercial property in the Alamogordo area. Its position gives it maximum visibility and quick, safe access for traffic entering and leaving Alamogordo, as well as for north-bound and south-bound traffic following Alamogordo’s Relief Route. This intersection captures the attention of all traffic to and through Alamogordo from the 2.7 million population of the El Paso/Juarez “BorderPlex” (90 miles south), the nearby White Sands National Park (600,000 visitors/yr) and I-10/I-25 at Las Cruces (55 miles west).

Year-round tourism traffic comes from visitors to the White Sands National Park (12 miles west on Hwy 70) and the ever-growing El Paso & Juarez BorderPlex, via US Highways 54 and 70. The Sacramento Mountains, Cloudcroft and Ruidoso are the nearest summer and winter outdoor recreational areas for the El Paso/Juarez residents. This year-round traffic faces this property before entering the Relief Route and before entering the business district of Alamogordo (1/4 mile east). Likewise, the daily traffic to and from the US Army’s White Sands Missile Range and Holloman Air Force Base, sources of the most desirable employment positions in the county, pass this site 10 times per week.

The well planned signalized intersection serving this property allows quick and convenient ingress and egress for traffic from all directions.

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