Budget Inn

For Sale

2255 W Picacho Ave, Las Cruces, NM 88007

This Las Cruces property for sale is located at 2255 W Picacho Ave. The current listed sale price for Budget Inn is $1,625,000. Budget Inn is situated on a lot that is 1.38 acre in size.

Contacts

Tim Luten

SVN | Walt Arnold Commercial Brokerage

Property Details

  • Property Type Other
  • Property Size 22,495 SF
  • Units 58
  • Lot Size 1.38 Acre
  • Year Built 1962
  • Date Updated Jun 17, 2026
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.
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Highlights

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

Getting around

  • 49/100

    Walk Score ®

  • 62/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Las Cruces, NM
  • Zip Code 88007
  • Market El Paso

Points of Interest

  • Circle K

    0.37 miles

  • Valero

    0.38 miles

  • Alon

    0.73 miles

  • Shell

    0.96 miles

  • Pilot

    0.99 miles

  • Tesla Supercharger

    1.02 miles

  • Chevron

    1.02 miles

  • K Mart

    1.23 miles

  • Brewer Fleet Vehicle Fueling

    1.28 miles

  • One Stop

    1.56 miles

  • Visitor Side Parking

    0.50 miles

  • Reserved parking

    0.52 miles

  • Home Side Parking

    0.54 miles

  • Handicaped Parking

    0.57 miles

  • Reserved Parking

    0.59 miles

  • Football Booster, Players, and Trainers Parking

    0.61 miles

  • Cheer, Pom, Band Parking

    0.63 miles

  • La Posta Overflow Parking

    2.63 miles

  • La Posta Parking

    2.67 miles

  • Budget Inn

    0.01 miles

  • Town House Motel

    0.05 miles

  • Royal Host Motel

    0.06 miles

  • Western Inn

    0.08 miles

  • The Big Chile Inn

    0.10 miles

  • Desert Lodge Motel

    0.13 miles

  • Imperial Sky Motel

    0.26 miles

  • Desert Oasis Inn

    0.39 miles

  • A Day's End Lodge

    0.67 miles

  • The Coachlight Inn

    1.29 miles

  • Le Rendez-vous Cafe

    0.45 miles

  • Save Mart

    0.74 miles

  • Lowe's Fiesta Foods

    1.91 miles

  • Walmart Supercenter

    2.08 miles

  • Albertsons

    2.16 miles

  • Pro's Ranch Market

    2.21 miles

  • Mountain View market

    2.31 miles

  • Lowes Foods

    3.16 miles

  • Kohl's

    3.30 miles

  • Maria Teresa Plaza

    3.40 miles

Contact Listing Broker
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