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506 E May Avenue

Las Cruces, NM 88001
  • $600,000
  • STATUS: Active
  • ON SITE: 88 Days
  • MLS #: 2503612
UPDATED: 61 min ago
$600,000
  • 0
    BEDS
  • 0.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial-Lease
County:
Area:

School Ratings & Info

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 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.



© 2026 Southern New Mexico Multiple Listing Service. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MLIS or Rhyan Araiza | Agave Real Estate Group. Data last updated: 2026-02-15T21:14:17.173.
www.homefindernm.com/homes/170083529
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506 E May Avenue Las Cruces, NM 88001

  • Price: $600,000
  • Status: Active
  • On Site: 88 Days
  • Updated: 61 min ago
  • MLS #: 2503612
0
Beds
0
Baths
0
½ Baths
0.39
Acres
Neighborhood:
Las Cruces Heights
County:
Dona Ana
Area:
999 - Other
Property 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 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.
Exterior Features

Construction Materials Stucco Parking Capacity 15.00 Roof FlatTar/Gravel

Interior Features

Cooling Evaporative Cooling Flooring CarpetCeramic Tile Heating Forced Air Walls PlasterSheet Rock Water Heater Gas

Property Features

Entry Location Downtown Area Green Certified No Lot Size Dimensions .25 to .50 AC Miscellaneous Outside Storage New Vs Resale Resale Property Condition Good to Excellent Property Sub Type Mixed Use Road Frontage Type City Street Sewer UnknownPublic Sewer Tax Legal Description Subd: ORIGINAL TOWNSITE Lot: 3 Block: 74 S: 18 T: 23S R: 2E Utilities Natural Gas AvailableElectricity Available Water Source Public

Listing provided courtesy of Terriane M Everhart of Berkshire Hathaway Homeservices - NM Properties: (575) 541-9221. All listing information was provided by Southern New Mexico Multiple Listing Service.


© 2026 Southern New Mexico Multiple Listing Service. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MLIS or Rhyan Araiza | Agave Real Estate Group. Data last updated: 2026-02-15T21:14:17.173.
 
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Rhyan Araiza | Agave Real Estate Group
150 Washington Ave. Suite 201
Sante Fe NM, 87501