701 West Highway 70
Potential Uses
Restaurant - Fast Food/Dining/Brewing, Entertainment, Retail - Freestanding, Retail - Convenience Store, Retail - Grocery Store/Supermarket, Retail - Strip Mall/Shopping Center, Automobile Dealership, Automotive Services, Hospitality - Hotel/Motel, Assisted Living - Nursing Home, Bank/Financial Institution, Offices, Professional Offices, Doctors Office, Pharmacy, Medical Services, Residential - Subdivision, Residential - Apartments/Multi-Family, Residential - Mobile Home Park - RV Park, Church/Worship, School, Government, Self Storage, Office Warehouse, Industrial/Manufacturing/Warehousing
Property Description
FIFTY ACRES ON US HIGHWAY 70 THAT CAN CAPTURE THE VALUABLE TRAFFIC RETURNING HOME EVERY DAY FROM HOLLOMAN AIR FORCE BASE. 701 West Highway 70 is only ¼ mile west of the signalized intersection of US Highway 54 (El Paso and Juarez, MX) and US Highway 70 (Las Cruces, I-10 and I-25). It is on the east-bound “GOING HOME” side of the highway! Plus, a very wide median cut provides ease-of-access to and from the west-bound lanes of Highway 70.
Property Size
The overall tract totals 49.8 acres. Owner will consider dividing the property, subject to size, location, use and access for the remaining parcel.
Price
$2,400,000
Utilities
All utilities are to the property or in the immediate area.
Zoning
The frontage of this property is zoned C-3 Commercial, allowing multi-family use as well as well as commercial land use; the middle portion is zoned M-1 Light Industrial and the south 25 acres is zoned MH-2 Manufactured Housing (Mobil Home Park). Rezoning to needed land use can be a condition of closing. There are no restrictive covenants on the property.
Access & Easements
US Highway 70 with large curb cut and median cut immediately in front of the property.
Flood Zone
All of this property is in Flood Zone X, except the drainage flow path coming from the former Wal-Mart property to the east. The drainage flow path is Flood Zone A.
Neighbors
Mobil home parks, automobile related business and miscellaneous businesses neighbor this property. Maverik recently opened a convenience store/truck stop to the east of this property.
Detriments
A sewer line easement and an underground natural gas line easement cross this property from east to west within the front 24.8 acres, as shown on the plat, and an electric line easement crosses the property approximately along the south boundary of the 24.8 acre tract. Two rainwater drainage paths cross the property, to flow into a City of Alamogordo drainage way that runs south, along the boundary of the City property to the west.
Significant Benefits
1) On the “return-home” side of Hwy 70 for Holloman Air Force Base traffic.
2) This large property has multiple uses; retail, residential, automobile-dealer complex….the list is limitless with its valuable exposure to Holloman traffic. It is important to remember that the travelers to and from Holloman every weekday have the most spendable money in their pockets!
3) Alamogordo does not have a contemporary mobile home and manufactured home community with all the amenities found in larger cities. This property is large enough to justify such development.
4) This property is near the Highway 54 access to Desert Lakes Golf Course, Alamogordo’s only golf course.
5) A residential subdivision or apartment complex can benefit from its convenience to Holloman Air Force Base, the area’s #1 employer.
6) Twelve miles west of this location is White Sands National Park, one of the most popular tourist attractions in the Southwest. in 2023, 729,000 people visited this National Park, significantly more than any other National Park in New Mexico. Capitalizing on that popularity, this 50 acres would be a well-placed RV Park. All current RV parks in Alamogordo are quite old and/or minimally equipped.
7) This property adjoins 80 acres of land owned by the City of Alamogordo, which includes a sports park with 8 baseball diamonds.
Owner will entertain a long term unsubordinated ground lease.
