Listados cortesía de Patino Real Estate, una correduría con licencia en Nuevo México.
$600,000
506 E May Avenue, Las Cruces, NM 88001
0.39acres
Mixed Usetype
Financing on commercial property does not work like a house payment: terms, down payment and length all differ by lender.
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🏠Mixed Use
🌳0.39 acre lot
🏢HOA: ask us
🚗Parking: ask us
What's special
Remodeled
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.
289 days on the market Updated Nov 19, 2025
Listed by: Terriane M Everhart, Berkshire Hathaway Homeservices - NM Properties
Source: Southern New Mexico MLS · MLS#: LCN2503612 · Status: Active
Source: Southern New Mexico MLS · MLS#: LCN2503612 · Status: Active
Facts and features
The property
- Type: Mixed Use
- Flooring: Carpet, Ceramic Tile
- Cooling: Evaporative Cooling
- Heating: Forced Air
Exterior and lot
- Lot: 0.39 acre lot
- Construction: Stucco
- Roof: Flat, Tar/Gravel
- Sewer: Unknown, Public Sewer
- Water: Public
- Utilities: Natural Gas Available, Electricity Available
- Condition: Good to Excellent
Community and schools
- City: Las Cruces, NM 88001
- Subdivision: Las Cruces Heights
Financial
- Price: $600,000
- HOA: ask us
- Buyer representation: ask us how it works on this home. You get it in writing before you tour.
Price history
| Date | Event | Price |
|---|---|---|
| Nov 18, 2025 | Listed for sale | $600,000 |
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Listing courtesy of Berkshire Hathaway Homeservices - NM Properties · MLS# LCN2503612 · Status: Active
Listing information from Southern New Mexico MLS, deemed reliable but not guaranteed and should be independently verified. Properties are subject to prior sale or withdrawal. Aerial imagery by Esri where MLS photos are not yet available. Patino Real Estate, Manny Patino Qualifying Broker, (575) 520-7604.
Listing information from Southern New Mexico MLS, deemed reliable but not guaranteed and should be independently verified. Properties are subject to prior sale or withdrawal. Aerial imagery by Esri where MLS photos are not yet available. Patino Real Estate, Manny Patino Qualifying Broker, (575) 520-7604.
