COMMERCIAL BUILDING SITE- 1400 TENTH STREET at WASHINGTON AVENUE


Potential Uses

Restaurant - Fast Food/Dining/Brewing, Retail - Freestanding, Retail - Convenience Store, Automotive Services, Bank/Financial Institution, Offices, Professional Offices, Doctors Office, Pharmacy, Medical Services

Property Description

Remember the Gooden Rule of Real Estate: Location, Location, Location. 1400 Tent Street is one of the most visible locations of any property in Alamogordo. Add to that its remarkable customer-convenience by being placed in the geographical center of the city! See aerial photo. The attributes of this corner business location at the signalized intersection of Tenth Street at Washington Avenue are what every business owner dreams of. Plus, it is across the street from medical offices, Alamogordo’s Public Library, and only one block from Albertson’s Supermarket and Starbucks!

This corner property was previously a convenience store with car wash and lube shop. The underground fuel tanks in use were removed in 2016 and soil samples were taken from under each tank. One fuel tank remains, which was filled with concrete per regulations when it was taken out of use many years ago. See the “Comfort Letter” from the New Mexico Environmental Department, providing assurance to future owners.

A great business location is much better than an expensive advertising program! This location will offer any business outstanding exposure to Alamogordo’s customers and clients. Restaurant, insurance, retail, electronics, real estate brokerage, package store, medical, dental or optical office.

Property Size

Corner lot has 123.6 front feet on Tenth Street and 125 feet of frontage on Washington for a total area of 19,200 SF. The City building-to-parking ratio is 1 square foot of building for each 3 square feet of parking lot area. So, this lot will support a building of approximately 4,000 SF.

Price

$295,000 or long term, unsubordinated, ground lease.

Utilities

All utilities are adjacent to this property.

Zoning

C-3 Commercial

Access & Easements

Curb cuts access this property on Tenth Street and Washington Avenue.

Flood Zone

AH

Neighbors

Neighbors include the Alamogordo Public Library, a large medical facility owned by Gerald Champion Regional Medical Center, Albertsons Supermarket with its Starbucks coffee shop, Otero Federal Credit Union and the City of Alamogordo offices.

Significant Benefits

This property is located at one of the busiest intersections in the city. Its traffic signal causes traffic to stop and stare at any business located on this corner – an attribute every business owner dreams of enjoying. Even as Alamogordo grows in all directions, the corner of Tenth Street at Washington Avenue will still be its epicenter. Neighbors include the Alamogordo Public Library, a large medical facility and Albertsons supermarket with its Starbucks coffee shop. The location justifies the investment.

Contact Broker