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
Description
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.
Purchase subject to existing leases on all 6 units.
More Information MLS# 2503612
Contract Information
Property Sub-Type: Multi-Use (See Remarks)
Marketing Date: 2025-11-18
Asking Price: 600000
Current Price: $600,000
Term Date: 2025-11-18
Location, Tax & Legal
Account Number: R0206465
Parcel Number: 4-007-135-371-223
Add Account Number: 4-007-135-371-223
Add Parcel Number: R0206465
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
General Property Info
Lot SqFt: 17050
Actual Lot Size Source: Public Records
Lot Acres: 0.39
Use of Electronic Document Transmission: Yes
Green Certified: No
Lot Size: .25 to .50 AC
Number of Units: 6
Owner Financing: No
Parking Capacity: 15
Age: 71 to 80 Years
Condition: Good to Excellent
# Stories: 1
Earnest Money Payable To: Southwestern Abstract & Title/ Patricia Saenz
3rd Party Approval: No
Short Sale: No
REO/Bank Owned: No
Court Approval: No
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.
Office/Member Info
Office Address: 424 N. Main St STE 100
Las Cruces, NM 88001
Miscellaneous
Outside Storage: 1
Imp W/Strc Usbl WExzn
Multiple Dwelling: 1
Location
Downtown Area: 1
Construction
Stucco: 1
Cooling
Evaporative Central: 1
Road Frontage
City Street: 1
Type of Business
Other - See Remarks: House with apartments
Ceiling Height
Less than 8Ft: 1
Heating
Forced Air: 1
Floors
Carpeting: 1
Ceramic Tile: 1
Walls
Plaster: 1
Sheet Rock: 1
Roof
Flat: 1
Tar/Gravel: 1
Water Heater
Gas: 1
Main Size Water
Unknown: 1
Sewer
Unknown: 1
Utilities Available
City Sewer: 1
City Water: 1
Electric: 1
Gas: 1
Tenant Pays
Electricity: 1
Gas: 1
Status Change Info
Status: Active
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
Listing Office:
Berkshire Hathaway Homeservices - NM Properties
Last Updated: November - 19 - 2025
Information deemed reliable but not guaranteed.
NMAR 1110 Adverse Material Facts ›