2001 Indian Wells RD, Alamogordo, NM 88310

Property Description

The north east corner of the intersection of two of the major arterial thoroughfares in Alamogordo, Indian Wells Blvd. and Scenic Drive, is one of the most diverse building sites in the city. Located at the top of Indian Wells Blvd., this 5.3 acres offers a panoramic view of the Tularosa basin and the White Sands National Park to the west, and the rugged Sacramento Mountains to the east. It will be an architects delight to develop, because of these extraordinary views. And its gentle slope from its uppermost easterly boundary, West, to scenic Drive, will give buildings throughout this site, equally-breathtaking views. Some of Alamogordo‘s most important institutions neighbor this property: the New Mexico Museum of Space History, the Tays Special Events Center, the Alamogordo branch of New Mexico State University and Gerald Champion Regional Medical Center. Gerald Champion Regional Medical Center was recently purchased by Christus Health, and employs 1,300 people. The traffic and the business generated by these institutions add to the diverse development potential this 5.3 acres, 230,000 ft.², offers. And as one drives east on Scenic Drive, approaching this property, one will pass the very popular Walmart Neighborhood Market and numerous medical offices. It is entirely possible that no other building site in Alamogordo offers this much opportunity from its diversity of development. This property is covered by three Otero County Assessor property accounts, R010333, R019111 and R020281. The 5.3 acres is available for purchase at a price of $7.50 per square foot, $1,750,000. It is also available on an unsubordinated ground lease at a base lease rate of $11,000 per month. Owner/Broker