3000 Indian Wells RD Unit Indian Wells at Scenic, Alamogordo, NM 88310

Property Description

This property is located at the northeast corner of the central residential concentration of homes within the City of Alamogordo. Its development into residential subdivisions will be the next phase of the growth of Alamogordo, with Walmart’s Neighborhood Market, New Mexico State University’s Alamogordo Campus and Cristus Regional Medical Center nearby. The city's future development will be to the east, filling the Indian Wells Canyon area when the Lincoln National Forest conveys ownership of that property to private interests and it is developed. A similar conveyance of federally-owned real estate took place east of Las Cruces thirty years ago when the Bureau of Land Management conveyed a very large acreage east of I-25 for private development. Today, that entire area of Las Cruces is filled with homes and businesses. Alamogordo’s future development to the east will be accessed by the easterly extension of Indian Wells Boulevard, through this 83-acre tract. The proximity of this 83-acre tract to the New Mexico Museum of Space History, the Tombaugh Dome Theater & Planetarium, New Mexico State University’s Alamogordo Campus, the Tay’s Special Events Center and the Cristus Regional Medical Center, present conveniences to its future residents not available from other subdivisions. This acreage slopes to the west, providing proper gradient for access to the City of Alamogordo sewer Iine, running along the tract's west boundary. This slope to the west creates outstanding views of the Tularosa Basin and the White Sands National Park, which will be a significant selling feature for homes when this property is subdivided into residential subdivisions. 83.9 acres priced at $3,000,000, or $0.77 per square foot, for the entire tract.