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Unkwn Floor Ste
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0.87 AC
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$108,900.00 USD/AC/YR
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Rare Commercial Land Opportunity | Prime Hard Corner Redevelopment Site
Russ NM LLC is pleased to present 1399 Diamond Drive, a rare commercial land opportunity located on a signalized hard corner in the heart of Los Alamos, New Mexico. The property is ideally positioned between Los Alamos High School and the University of New Mexico – Los Alamos campus along one of the community’s primary traffic corridors connecting residential neighborhoods to Los Alamos National Laboratory.
The site consists of approximately 37,983 SF and is available for ground lease for redevelopment. The adjacent parcel at 1377 Diamond Drive may also be included, creating a combined assemblage totaling approximately 73,872 SF.
This property represents one of the few remaining redevelopment opportunities in Los Alamos. The original 1950s-era structures have recently been removed, making the site available for redevelopment for the first time in over 70 years.
Property Highlights
• Rare signalized hard corner in Los Alamos
• Located between Los Alamos High School and UNM-LA
• Strong commuter traffic corridor serving LANL workforce
• Extremely limited commercial land supply in Los Alamos
• Flexible commercial redevelopment potential
• Available as ±37,983 SF or combined ±73,872 SF assemblage
• Existing paved parking and utility access nearby
• High-income, highly educated demographic base
• Excellent visibility and access
Available Parcels & Lease Rates
1399 Diamond Drive
• ±37,983 SF
• Ground Lease Rate: $2.50/SF annually
• Approximate Monthly Rent: $7,900
1377 Diamond Drive (Adjacent Parcel)
• ±35,899 SF
• Ground Lease Rate: $2.00/SF annually
• Approximate Monthly Rent: $5,980
Combined Assemblage
• ±73,872 SF
• Approximate Monthly Rent: $13,880
Los Alamos Market Overview
Los Alamos is home to Los Alamos National Laboratory, one of the nation’s premier scientific and research institutions. The area benefits from a highly educated workforce, strong household incomes, and significant daily commuter traffic into the community.
The property is located within a trade area featuring strong demographics, including average household incomes exceeding $150,000 within 10 miles and daytime population supported by LANL and related industries.
Broker Cooperation
Owner will pay a commission to a properly registered buyer’s/tenant’s agent equal to 3% of net lease payments during the initial lease term, not to exceed:
• $50,000 for lease of 1399 Diamond Drive only
• $85,000 for combined lease of 1399 and 1377 Diamond Drive
Contact
Russell Ross
Managing Member – Russ NM LLC
719-641-7858
RussNMLLC@gmail.com
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Date available: Now
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Lease term: Negotiable
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Service type: None
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Space Type: Relet
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