1495 Frontage Road Socorro, NM $ 1,200,000
1495 Frontage Road
$ 1,200,000
Adult Community
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1495 Frontage Road

Socorro, NM, 87801
$ 1,200,000
Baths0.0

Monthly Estimate*

$ 8,382

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Studio

Commercial Property for sale in Socorro, NM

for $1,200,000. The lot size is 13.

**Develop a 55 Plus RV Park!** SUBTO wrap Available on this 13 Acre with I-25 frontage. Leasable Ancient Water Rights. An ACTIVE unskilled Assisted Living Residential Care facility with 7 beds generates revenue currently. The facility is fully operational. The sales price includes the Assisted Living Facility, the 13 acres, and water rights. City Water, All Utilities, and Sewage are active on the property. Best uses for this property include RV Park, 55+ permanent RV park, Vacation RV park, Assisted Living, mobile home park, self-storage, hobby farm, Equine therapy, Equine hotel, and so much more. There's enough room on the property to have multiple revenue streams. The Pre1906 water rights are pending expected in Apr or May 2024- Current rights are MRGD rights.

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Commercial Active

Price

$ 1,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

MixedUse

Lot Size

13

Town/City

Socorro

County/Region

Socorro

MLS | Web ID

1055928

Features
General
Heating NaturalGas PelletStove
Cooling CentralAir EvaporativeCooling
Utilities ElectricityConnected NaturalGasConnected SewerConnected WaterConnected
Construction Materials Frame Stucco
Tenant Pays None
Property SubType MixedUse
Gross Income 355626.0
County Socorro
Operating Expense 284581.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
Directions Northbound Frontage Leaving Socorro on I-25
City Socorro
Buyer Agent Compensation 2.75%
Disclosures RANM2100Disclosure
View Y/N N
Senior Community Y/N N
Zoning Description MU-A
MLS Area 620 - North Socorro
Lot Size Square Feet 566280.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Frontage
Listing Terms Cash OwnerMayCarry
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 0.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Leasable Area 100.0
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 63
Lease Type Other SeeRemarks
Standard Status Active
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Exterior
Total Parking 5.0
Spa N
Lot Size Acres 13.0
Road Surface Type Paved
Lot Size Source PublicRecords
Road Frontage Type Interstate
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 1
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Road
Electric On Property Y/N N
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* Excluded Features
List By
Joshua Christensen

Listing Agent

Realty One Of New Mexico

Broker

joshua@christensenproperties.com

Email

Affordability Calculator

$8,382
Per Month
100%
0%
0%
Monthly Principal & Interest
$8,382
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
1/24/2024$1,200,000 Listed Price

Map


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1495 Frontage Road, Socorro, NM, 87801 is a Commercial Property for sale at $1,200,000 with a lot size of 13. 1495 Frontage Road is a studio with 0.0 baths. The property's zip code is 87801 which is in Socorro, NM