Budget Inn

2255 W Picacho Ave, Las Cruces, NM 88007

Property Information

  • For Sale $1,625,000
  • Property Type Other
  • Property Size 22,495 SF
  • Units 58
  • Lot Size 1.38 Acre
  • Year Built 1962
  • Date Updated Apr 17, 2026

Description

Immerse yourself in the vibrant surrounding area of Las Cruces, NM, offering an array of attractions and amenities perfectly suited for a prospective Hospitality / Full Service investor. Embrace the scenic charm of the nearby Organ Mountains and find inspiration in the rich cultural heritage at the New Mexico Farm and Ranch Heritage Museum. The property's proximity to historic Old Mesilla and its eclectic mix of shops, galleries, and restaurants ensures a captivating experience for guests. Enjoy easy access to the renowned New Mexico State University and the vibrant downtown area, providing an endless array of entertainment options. With its captivating natural landscapes and cultural allure, the area surrounding the property presents an enticing opportunity for hospitality investment.Uncover an exceptional investment opportunity with this expansive 22,495 SF building housing 58 units in the heart of Las Cruces, NM. Built in 1962 and strategically zoned C-3, this property presents an alluring prospect for Hospitality / Full Service investors seeking a prime location with significant development potential. The property's versatile layout and ample capacity make it an ideal canvas for a range of hospitality ventures. With its strategic location and strong potential for future growth, this property offers an excellent opportunity for investors looking to capitalize on the thriving hospitality market in this dynamic city. Unleash the potential of this sought-after property and fuel your investment aspirations in the heart of Las Cruces.

Highlights

  • 22,495 SF building
  • 58 units
  • Built in 1962
  • Prime location in Las Cruces area
  • Zoned C-3

Contacts

Tim Luten

SVN | Walt Arnold Commercial Brokerage

Location

Contact Listing Broker
Tim Luten

SVN | Walt Arnold Commercial Brokerage

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.