637 South White Sands Blvd.


Potential Uses

Restaurant - Fast Food/Dining/Brewing, Retail - Freestanding, Retail - Convenience Store, Retail - Grocery Store/Supermarket, Retail - Strip Mall/Shopping Center, Hospitality - Hotel/Motel, Bank/Financial Institution, Offices

Property Description

637 SOUTH WHITE SANDS BLVD. (US HWYS 54 & 70) adjacent to Staples and also known as Lot 2D of Replat D of Pennsylvania Avenue Subdivision, Alamogordo, Otero County, NM.

Property Size

2.663 acres, 116,000 SF, with 160.82 feet of frontage plus a twenty-five foot ingress-egress easement onto White Sands Blvd.

Price

Purchase or unsubordinated ground lease at $11,650/mo base lease rate, based on 10% per year of the land value of $1,400,000 ($12.00/SF).

Utilities

All utilities to property

Zoning

“C-3” Business

Access & Easements

White Sands Blvd. on the “going home” side of highway for the daily traffic returning to Alamogordo from Holloman Air Force Base.

Neighbors

This property adjoins Staples and the Pizza Hut Wing Street restaurant. It is the closest highway development tract to Alamogordo’s Super WalMart.

Detriments

Staples will appear as anchor tenant on this development, even though it is under separate ownership. The rear landscaping of the Diamond Shamrock gas station visually blocks the developable area adjacent to Staples. Shamrock is open to consider approving the removal of its landscaping and surrounding development so as to visually blend its facility into this development.

Significant Benefits

South White Sands Blvd is the “motel and restaurant row” for Alamogordo. 637 is positioned in the middle of this highest-trafficed area of White Sands Blvd. With 160 + 25 feet of frontage and 2.663 acres of area, 637 is the ideal retail development site having a US Highway 54/70 location, yet being conveniently located in relation to Alamogordo’s #1 destination spot: WalMart.

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