2255 W Picacho Ave
Las Cruces, NM 88007
Budget Inn · Services hôteliers Propriété À vendre · 35 Pièces

FIRST TIME ON THE MARKET SINCE 1983
Built in 1962, the Affordable Housing Conversion Opportunity comprises an operating motel with 57 rooms on an approximately 1.37-acre lot. Built of 2-story brick/cinder block construction, the long-term owner has converted some individual rooms into one larger room using a double floor plate to accomplish this and is currently operating as a 30-room motel. Some of the rooms have kitchens. Included is a large manager's quarters and a storage area.
LOCATION:
Las Cruces is a city in Doña Ana County, New Mexico, United States, and its county seat. The population was 111,385 at the 2020 census,[making it the second-most populous city in New Mexico, and the largest in both Doña Ana County and southern New Mexico. It is the principal city of the Las Cruces metropolitan statistical area, which encompasses all of Doña Ana County and had an estimated population of 230,000 in 2024. The Property is located near the Historic Downtown area of Las Cruces, which benefits from a steady flow of visitors and residents.
Las Cruces benefits from a diverse employment base anchored by education, healthcare, government, defense, aerospace, and retail. Major employers include New Mexico State University, Las Cruces Public Schools, the City of Las Cruces, Doña Ana County, Memorial Medical Center, MountainView Regional Medical Center, Walmart, Doña Ana Community College, NASA, and federal operations tied to White Sands Missile Range and White Sands Test Facility. MountainView’s community profile specifically identifies NMSU, the federal government at White Sands, and MountainView Regional Medical Center as major employers in the market.
From a corporate relocation standpoint, Las Cruces offers a compelling combination of lower operating costs, access to a regional workforce, proximity to El Paso and the U.S.–Mexico border, higher-education resources through NMSU, and nearby federal/aerospace assets including White Sands, NASA facilities, Spaceport America, and Virgin Galactic. The City of Las Cruces also promotes relocation resources, business incentives, industry profiles, and economic-development support for expanding companies.