Holman And Rd Unit N/A, Las Cruces, NM 88012

Property Description

Potential to Subdivide into two parcels. This 58-acre development site in Las Cruces offers a rare generational opportunity with prime frontage along a major arterial road and easy access to I-10/I-25, minutes from NMSU, White Sands Test Facility, and White Sands Missile Range. The land can accommodate approximately 200 duplex lots, with existing utilities and nearby infrastructure simplifying development. Las Cruces' economy is expanding, with employment up 1.5% year-over-year (about 1,200 jobs) and unemployment dipping to 4.4% in June 2025. Key industries driving growth include leisure and hospitality, professional services, education, and healthcare. By bringing new single family and multifamily homes to Las Cruces, you'll help address a regionwide housing shortage and tap into a market experiencing both population and job growth. Las Cruces' strategic location near the U.S./Mexico border and interstate corridors makes it an emerging logistics and technology hub; high paying jobs in aerospace, defense and tech are attracting workers who need housing now. State programs may provide infrastructure loans or other incentives for qualified projects, potentially reducing capital costs and boosting returns. Subject property might qualify for the next round of $30,000,000 of financing from the NMFA Opportunity Enterprise Housing Development Fund!