506 E May Avenue, Las Cruces, NM 88001
$600,000
Property Type:
Commercial Lease
Lot Size (sq. ft.):
17,050
Status:
Active
Current Price:
$600,000
List Date:
11/19/2025
Last Modified:
11/19/2025
Listing Details MLS# 2503612
Location, Tax & Legal
- Number
- 506
- Direction
- E
- Street Name
- May
- St Suffix
- Avenue
- County
- Dona Ana
- State
- NM
- Zip Code
- 88001
- Area
- 999 - Other
- Subdivision
- Las Cruces Heights
- Account Number
- R0206465
- Parcel Number
- 4-007-135-371-223
- Add Account Number
- 4-007-135-371-223
- Add Parcel Number
- R0206465
Contract Information
- Property Sub-Type
- Multi-Use (See Remarks)
- Asking Price
- 600000
- Term Date
- 2025-11-18
- Marketing Date
- 2025-11-18
General Property Info
- Use of Electronic Document Transmission
- Yes
- Actual Lot Size Source
- Public Records
- Number of Units
- 6
- Owner Financing
- No
- Lot SqFt
- 17050
- Lot Acres
- 0.39
- Age
- 71 to 80 Years
- Condition
- Good to Excellent
- # Stories
- Yes
- Earnest Money Payable To
- Southwestern Abstract & Title/ Patricia Saenz
- Parking Capacity
- 15
- Green Certified
- No
- 3rd Party Approval
- No
- Short Sale
- No
- REO/Bank Owned
- No
- Court Approval
- No
Type of Business
- Other - See Remarks
- House with apartments
Remarks & Misc
- Legal
- Subd: ORIGINAL TOWNSITE Lot: 3 Block: 74 S: 18 T: 23S R: 2E
- Advertising Remarks
- JUST LISTED! PRIME DOWNTOWN LAS CRUCES, NM INVESTMENT OPPORTUNITY. NEWLY REMODELED. Unlock the kind of potential investors chase but rarely find. This mixed-use gem sits just steps from the vibrant, fast-growing heart of Downtown Las Cruces, surrounded by thriving restaurants, breweries, boutiques, and year-round foot traffic. Property features include: • One 3-bedroom rental unit, perfect for strong long-term cash flow • Five 1-bedroom, 1-bath apartments, high-demand, low-vacancy, and always rentable • A+ location in a revitalized corridor • Endless upside with value-add improvements, short-term rental options, or re-imagined urban living spaces Whether you're a seasoned investor or looking to expand your portfolio with a downtown property that actually performs, this is the moment. Opportunities in this location do not sit long. High demand. High visibility. This is the one worth moving on. Let's make it yours.
More Information
Office/Member Info
- Office Address
- 424 N. Main St STE 100 Las Cruces, NM 88001
Miscellaneous
- Outside Storage
- Yes
Imp W/Strc Usbl WExzn
- Multiple Dwelling
- Yes
Location
- Downtown Area
- Yes
Construction
- Stucco
- Yes
Cooling
- Evaporative Central
- Yes
Road Frontage
- City Street
- Yes
Ceiling Height
- Less than 8Ft
- Yes
Heating
- Forced Air
- Yes
Floors
- Carpeting
- Yes
- Ceramic Tile
- Yes
Walls
- Plaster
- Yes
- Sheet Rock
- Yes
Roof
- Flat
- Yes
- Tar/Gravel
- Yes
Water Heater
- Gas
- Yes
Main Size Water
- Unknown
- Yes
Sewer
- Unknown
- Yes
Utilities Available
- City Sewer
- Yes
- City Water
- Yes
- Electric
- Yes
- Gas
- Yes
Tenant Pays
- Electricity
- Yes
- Gas
- Yes
Property Features
Road Frontage:
City Street
Location:
Downtown Area
Construction:
Stucco
Ceiling Height:
Less than 8Ft
Floors:
Carpeting; Ceramic Tile
Walls:
Plaster; Sheet Rock
Roof:
Flat; Tar/Gravel
Heating:
Forced Air
Cooling:
Evaporative Central
Water Heater:
Gas
Miscellaneous:
Outside Storage
Main Size Water:
Unknown
Sewer:
Unknown
Utilities Available:
City Sewer; City Water; Electric; Gas
Tenant Pays:
Electricity; Gas
NMAR 1110 Adverse Material Facts ›
Listing Office:
Berkshire Hathaway Homeservices - NM Properties
Last Updated: November - 19 - 2025
Information deemed reliable but not guaranteed.