203 Manzanares Avenue Socorro, NM $ 750,000
203 Manzanares Avenue
$ 750,000
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203 Manzanares Avenue

Socorro, NM, 87801
$ 750,000
Baths0.0 Sq 21,780

Monthly Estimate*

$ 5,239

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Studio

Commercial Property for sale in Socorro, NM

for $750,000. This 21,780 square foot building was built on a lot size of 0.5.

Nestled in the heart of Socorro, New Mexico, the historic Hotel Val Verde is a captivating property that offers a unique investment opportunity. With its rich history and distinctive architecture, this landmark hotel is brimming with potential and awaits restoration to its former grandeur.The hotel has a interior beautiful court yard, 77 doors and each room is unique, just like the hotel.Rooms have recently been rented as Airbnb's. The hotel is complete with kitchen, restaurant and lobby. There is currently damage to the restaurant that will need repair before hotel can be fully operational. There are numerous commercial office spaces on the lower level that can be leased, See floorplan. A great investment property!

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Commercial Active

Price

$ 750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

MixedUse

Lot Size

0.5

Town/City

Socorro

County/Region

Socorro

MLS | Web ID

1042798

Features
General
Heating Baseboard HotWater
Cooling WindowUnits
Utilities CableAvailable ElectricityConnected NaturalGasAvailable WaterAvailable
Construction Materials Adobe Brick BrickVeneer Block
Property SubType MixedUse
Gross Income 220000.0
Accessibility WheelchairAccess
County Socorro
Operating Expense 109480.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
Directions from I-25 South exit 150 west toward US-60 West Socorro Continue onto N California ST Turn left onto Manzanares ST. Property is on the left side.
City Socorro
Buyer Agent Compensation 3%
Disclosures RANM2100Disclosure
View Y/N N
Senior Community Y/N N
Zoning Description C-1
MLS Area 620 - North Socorro
Lot Size Square Feet 21780.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Manzanares
Listing Terms Cash Conventional
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 0.76
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Leasable Area 0.0
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 154
Lease Type None
Standard Status Active
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Exterior
Parking Features OnSite
Water Source CommunityCoop
Total Parking 12.0
Spa N
Building Area Total 21780.0
Lot Size Acres 0.5
Lot Size Source PublicRecords
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Electric On Property Y/N N
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* Excluded Features
List By
Deanna Paglia

Listing Agent

Exp Realty Llc

Broker

dpaglia39@gmail.com

Email

Affordability Calculator

$5,239
Per Month
100%
0%
0%
Monthly Principal & Interest
$5,239
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
537023 Elementary School
537125 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/9/2023$750,000 Listed Price

Map


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203 Manzanares Avenue, Socorro, NM, 87801 is a Commercial Property for sale at $750,000 with 21,780 sqft and a lot size of 0.5. 203 Manzanares Avenue is a studio with 0.0 baths. The property's zip code is 87801 which is in Socorro, NM