Half-block to "Resturant Row" - 185 unit Apartment or Assisted Living building site
Potential Uses
Entertainment, Automotive Services, Assisted Living - Nursing Home, Offices, Professional Offices, Doctors Office, Medical Services, Residential - Apartments/Multi-Family, Church/Worship, School, Government, Self Storage, Office Warehouse
Property Description
LOCATION: 401 Mercury Drive, Alamogordo, NM – the north side Mercury Drive just east of White Sands Blvd and the Desert Aire Hotel & Suites.
USES: Apartments (will support 185 apartment units, more with a city-approved variance), Church, Assisted Living or Nursing home, professional offices, office/warehouse.
SIZE: 8.6 acre Primary Tract plus 2.5 acre Secondary Tract.
2021 Property taxes: $2,400. Property Accounts R018976 and R010265.
Price includes a 2.5 acre nearby property, accessible by alley connecting both properties, which is included to allow the apartment developer to offer tenants on-site storage rooms – a tenant-amenity not available to Alamogordo apartment dwellers. On-site storage rooms plus a multitude of national restaurants within walking distance will bring more tenant-interest and provide a higher long-term occupancy rate for this apartment development.
This location would also be ideal for a nursing home or assisted-living complex, allowing visiting family members a convenient selection of near-by motels and restaurants.
Property Size
The Primary Tract is 8.6 acres (approximately 375,000 square feet in area) plus the Secondary Tract of 2.5 acre 108,000 square foot).
Price
$1,125,000
Utilities
All utilities in place to serve this property. High load electric service near property boundary, serving adjacent hotel.
Zoning
Primary Tract is C-1 Neighborhood Business, allowing multi-family use. Secondary Tract would need to be zoned to allow self-storage use.
Access & Easements
Mercury Drive is this property’s south boundary, which extends east to South Florida Avenue (1/4 mile distant) and west to White Sands Blvd. (US Highways 54 and 70, only five hundred feet from this property). In addition, the east boundary is adjacent to an alley for its full length. This alley extends northeast to the Secondary Tract.
Flood Zone
All but approximately one half acre of he Primary Tract is in Flood Zone X. The half acre forming the tract’s southeast corner is in Flood Zone AH. All of the Secondary Tract is in Flood Zone X.
Neighbors
The Desert Aire Inn and Suites, Appleby’s Restaurant, White Sands Motel, The Days Inn, Buffalo Wild Wings, Carl’s Jr Restaurants, Popeye’s Chicken, Baskin Robins, Dunkin Donuts, Carino’s Italian Restaurant, Lescombes Winery and Bistro and Starbucks.
Significant Benefits
Within walking distance of STARBUCKS! Only one-half block off White Sands Blvd (US Highway 54/70) at the south entrance of Alamogordo. A short walk to 14 national restaurants, a huge tenant convenience not available for existing apartments in Alamogordo. This is one of the few large tracts of land remaining near White Sands Boulevard, in the “Restaurant Row” area between the overpass and First Street. This building site will support 185 apartments. It is ideal for development as a large apartment complex due to its convenience to Holloman Air Force Base, the many restaurants on White Sands Boulevard and its proximity to Alamogordo’s number one destination: Walmart.
