411 27th Street


Potential Uses

Entertainment, Residential - Subdivision, Residential - Apartments/Multi-Family, Residential - Mobile Home Park - RV Park, Church/Worship, School, Government, Self Storage, Industrial/Manufacturing/Warehousing, Construction

Property Description

This 20-acre vacant property is located on the north side of 27th Street, centrally-located in the middle of the north half of Alamogordo. The White Sands Mall, an aggressively operated shopping Mal with six restaurants and a variety of popular national retailers, including Ross, Marshal’s, Melrose Fashions, Hobby Lobby and Harbor Freight, is less than one half mile from this property. In the same area are Lowes Home Improvement Center and Home Depot. Alamogordo’s active residential market is consuming available housing. At the same time, military and civilian personnel working at Holloman Air Force Base personnel are in need of housing, particularly apartments. Areas available for residential subdivisions are on the perimeter of the city – distant from shopping and restaurants. This convenient location is ready for your civil engineer to develop, to create a new residential neighborhood for Alamogordo. Residents look for convenience. This location has it.

Property Size

20 acres

Price

1250000

Utilities

All utilities serve this location. The lowest point on the property is the southwest corner, at the intersection of Lawrence Blvd. and 27th St. An Alamogordo City sewer main exists at this point, providing proper sewer drainage for the entire property.

Zoning

This property is zoned A-single family. Seller will work with the developer to rezone this property to the developer’s planned use as a condition of sale.

Access & Easements

This location has access to White Sands Boulevard, approximately 500 feet to the west, by 27th Street. It has access to N. Florida Ave., approximately 600 feet to the east, by a roadway owned by the City of Alamogordo. This property has a third access, a private easement over City of Alamogordo property, extending 600 feet north to Fairgrounds Road.

A drainage flow-path runs north-to-south through the middle of the property, leading to a retention basin recently constructed by the City of Alamogordo immediately south of this property. This flow path and adjoining retention basin will prove to be a valuable asset when the drainage plan is engineered for the development of this property. An easement exists along the southerly boundary of this property to allow 27th St. to be extended east to Florida Avenue.

Flood Zone

All of this property was in Zone AH, prior to the installation of the native soil removed from the construction of the adjoining City retention basin. The east half of this twenty acre property received approximately 40,000 cubic yards, providing 30 inches of clean fill, over that ten acres. That material should be adequate to raise all building pads on the entire 20 acre property above the base flood elevation. Please consult your engineer for precise calculations.

Neighbors

Centrally-located in the middle of the north half of Alamogordo, with seven restaurants in the area. The White Sands Mall, an aggressively operated shopping Mall with six restaurants and a variety of popular national retailers, including Ross, Marshal’s, Melrose Fashions, Hobby Lobby and Harbor Freight, is less than one half mile from this property. Lowes Home Improvement Center and Home Depot are just north, beyond the White Sands Mall.

Contact Broker