506 E May Avenue, Las Cruces, NM 88001
lease
$600,000
|
Other
Courtesy Of Berkshire Hathaway HomeServices New Mexico Properties
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 spacesWhether 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.
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Copyright © 2026 Las Cruces Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Building Units: 6
- Cooling System: Evaporative Cooling
- Exterior Type: Stucco
- Floor Covering: Carpet
- Floor Covering: Tile - Ceramic
- Floors: 1
- Heating System: Forced Air
- Legal Description: Subd: ORIGINAL TOWNSITE Lot: 3 Block: 74 S: 18 T: 23S R: 2E
- MLSID: 2503612
- Roof Type: Flat
- Roof Type: Tar/Gravel
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