507 North Scenic Drive
Potential Uses
Restaurant - Fast Food/Dining/Brewing, Retail - Freestanding, Automotive Services, Bank/Financial Institution, Offices, Professional Offices, Doctors Office, Pharmacy, Medical Services, Residential - Apartments/Multi-Family, Church/Worship
Property Description
This affordable, versatile property offers the perfect opportunity for either multi-family or business use, provided it qualifies for C-1 Zoning. Nestled in a scenic area with stunning mountain views, this land is ideal for an apartment building site, retail or a professional office/business location.
Conveniently located near essential amenities, you’ll find Allsups convenient store, Coldwell Banker, Sunset Hills Elementary School, and Forever Smiles Dental Office just minutes away. Other major businesses include Christus Hospital, the New Mexico Space Museum, and New Mexico State University. With its unbeatable location and potential, this property presents a great opportunity for both multi-family and commercial development.
Don’t miss out on this fantastic chance to economically invest in a high-demand area with endless possibilities!
Property Size
This overall property is composed of four separate tracts of land. The deeded lot fronting on Scenic Drive, 507 Scenic Drive (R012789) totals approximately 8,000 square feet. North of this lot is a paved parking lot owned by the adjoining church. The south 7,700 sq feet of this parking lot is encumbered by a parking easement to be used by the business or apartments constructed on 507 Scenic Drive, and the building site west of the parking easement. The building site west of the parking easement (R012848) totals 10,000 square feet and also benefits from a dedicated 20 foot street wide access connecting it to Bonnell Drive. Between this westerly building site and the parking easement is an additional 3,000 square foot tract that can be used in this development, which is encumbered by a utility easement. These four tracts of land total approximately 28,823 square feet. EXCLUDING the parking easement, the three deeded tracts of land total 21,115 square feet.
Price
$95,000
Utilities
This property has all utilities
Zoning
The 10,000 square foot building site to the west, the 3,300 square foot tract of land encumbered by the utility easement, and the parking easement are zoned C-1 Neighborhood Business. The lot at 507 North Scenic Drive was platted by Dale Bellamah Land Company Inc in 1959 to be used for residential purposes. However, the City of Alamogordo rezoned it to C-1 Neighborhood Business on March 27, 1979.
Access & Easements
This property has direct access to Scenic Drive. An additional dedicated street with a width of 20 feet, plus the adjoining alley, provides access to Bonnell Drive.
Flood Zone
Flood Zone AO
Neighbors
Nearby landmarks include the Coldwell Banker Realty office, Forever Smiles Dental office , AllSups convenience store, and Sunset Hills Elementary School.
Detriments
The City of Alamogordo has been using the easterly ten feet of the western 10,000 sq ft building site as an alleyway, even though no such easement is shown on any plat or subdivision of this property. The 10,000 sq ft westerly building site is at a lower elevation than the remainder of the property.
Significant Benefits
One of the key advantages of this location is its position along the main thoroughfare of Scenic Drive, offering easy access and stunning mountain views. It’s also conveniently close to grocery stores, the hospital, and a variety of other shops, making this an ideal location for Multi-family living. Additionally, this property offers flexibility, as it can serve as an apartment location, retail, or a business office location, provided it meets C-1 zoning requirements.
See survey plat and parking easement, attached in the document section.
The information and exhibits provided are believed to be accurate. However, no warranty of any kind passes with this information. The responsibility for reliance upon this information rests with the user, who is encouraged to verify any and all information. Michael Shyne or Westsource Corp, LLC is either the Owner, the representative of the Owner, or the real estate Broker for this property.
