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Historic Retail Building
For Sale
$629,000

105 Manzanares Avenue, Socorro, NM 87801

SINGLE_FAMILY - Socorro, NM

Property Size13,000 SF
Price / SF$48.38
Days on Market536

Property Features for 105 Manzanares Avenue

General Information

Property type Residential
Property subtype Retail
Zoning Out of MLS Area
Zoning description C-2
Accessibility Accessible Approach with Ramp
Directions From I-25 south exit 150. Continue south on California St.. Take a right on Manzanares, watch for sign on right
Subdivision 621 - South Socorro
Standard status Active
APN 0013600032

Taxes and HOA fees

Tax Annual Amount 2917

Utilities

Heating system Natural Gas

Building Details

Floors in Building 2
Building materials Adobe, Frame, Stone, Stucco
Listing Agency: Coldwell Banker Legacy · Coldwell Banker Real Estate
Listed By: Steven Michael Gritchen · License #53071
Added: Feb 19, 2025 Changed: Aug 3 Last Checked: Aug 9 at 3:06AM
MLS# 1078901

Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This opportunity offers a historic retail building with an approximate 13,000 square foot structure that was previously home to GAMBLES, locally owned and operated for over 50 years. The building’s established presence in the community provides a foundation for a range of potential reuses, depending on how the new ownership plans to bring it back into active retail use.

The property is located in the Socorro Plaza area at 105 Manzanares Avenue in Socorro, New Mexico. Zoning is listed as “Out of MLS Area.”

Key Highlights

  • Approx. 13,000 SF historic building in the Socorro Plaza area
  • Previously housed the locally owned and operated GAMBLES location for over 50 years
  • Construction materials include adobe, frame, stone, and stucco

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency HVAC Service Kitchen & Bath Showroom Storage Facility Plumbing Service Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

447
Businesses Nearby
43k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 64% Shops & Services 24% Hotels & Casinos 5% Home Improvements & Furnishings 5%
Walmart Superstores
27,562 visits/mo 0.5 miles
Dollar Tree Shops & Services
4,358 visits/mo 0.5 miles
Wells Fargo Shops & Services
3,472 visits/mo 0.3 miles
R & K Enterprises Inc Home Improvements & Furnishings
2,107 visits/mo 0.4 miles
First State Bank Shops & Services
1,699 visits/mo 0.1 miles

Demographics for 87801, NM

9,934
Population
4,272
Households
2.3
Avg Household Size
36
Median Age
27%
College-Educated
86%
High-School Grad
177.3 sq mi
ZIP Area
56
Density / Sq Mi
$54,032
Median Household Income
$30,083
Median Earnings
$676
Median Rent
$165,700
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Retail space - Historic retail building previously operated as GAMBLES for more than 50 years in Socorro.
Where is this retail space located?
The property is located at 105 Manzanares Avenue Socorro, NM.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Approx. 13,000 SF historic building in the Socorro Plaza area; Previously housed the locally owned and operated GAMBLES location for over 50 years; Construction materials include adobe, frame, stone, and stucco
More about this property
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