370 Panorama Blvd Alamogordo, NM 88310
Estimated payment $455/month
About This Lot
These two business lots are adjacent to Alamogordo’s newest hotels: the FAIRFIELD INN, the HAMPTON INN, and the HOLIDAY EXPRESS. Over 500 motel rooms are within walking distance of this building sites, as are STARBUCKS and Alamogordo’s most popular restaurants. Panorama Blvd extends from its signalized intersection with White Sands Blvd, (US Highways 54 and 70), east, all the way through Alamogordo to the Scenic Drive loop at the base of the Sacramento Mountains, forming the east boundary of Alamogordo. Panorama Blvd. is a feeder street serving the southeast quadrant of Alamogordo. This traffic exposure and a constant flow of hotel/motel guests, create opportunity for businesses that can locate to these two lots. They can be purchased individually at $5/SF. Lot 3I, at 370 Panorama, has 14,675 square feet and is priced at $73,375. Lot 4I, at 380 Panorama, has 17,990 square feet and is priced at $89,950. A larger user has the option of merging both lots into a single 32,665 square foot lot, with approval from the City of Alamogordo. Adjacent to these two lots is Lot 21G, with 11,660 square feet of area. See Plat. This additional lot may be available at the same price, $5 per square foot. This property would also be an excellent location for apartments, since it would be one of the few apartment located on the Holloman Air Force Base side of the Dity and one of the few locations of apartments within walking distance of numerous restaurants, many with liquor licenses.
Property Details
Property Type
- Land
Lot Details
- 0.34 Acre Lot
- Interior Lot
Location
- Flood Zone Lot
Community Details
- Motel 6 Sub, Replat I Subdivision
Listing and Financial Details
- Assessor Parcel Number 01-12082
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
01/01/2023 01/01/23 | For Sale | $72,000 | -- | -- |
Source: Otero County Association of REALTORS®
MLS Number: 151822
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