Building Details

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Listed By: Steve Gritchen Show Phone

Source: Cbcworldwide

Added: Oct 24 Last Checked: Oct 24 at 3:03PM

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Investment Insights

Based on property information with market context.

At 1184 Frontage Road NE in Socorro, this restaurant property contains an existing building in largely shell condition. The site previously operated as El Sombrero. Its current interior condition offers a basis for renovation or a different business concept, subject to verification of permitted uses.

Key Highlights

• Existing building is largely in shell condition
• Previously operated as El Sombrero restaurant

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Pharmacy Hair Salon Spa & Massage Center Nail Salon Gym & Fitness Center

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

169

Businesses Nearby

103k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 56% Shops & Services 36% Hotels & Casinos 7% Electronics 2%

McDonald's Dining

30,283 visits/mo 0.2 miles

Circle K Shops & Services

17,444 visits/mo 0.4 miles

SONIC Drive In Dining

11,087 visits/mo 0.2 miles

Burger King Dining

8,314 visits/mo 0.3 miles

Chevron Shops & Services

6,123 visits/mo 0.3 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

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - The mostly open interior gives a future operator a starting point for planning a restaurant layout.

Where is this conventional restaurant located?

The property is located at 1184 Frontage Road NE Socorro, NM.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Existing building is largely in shell condition; Previously operated as El Sombrero restaurant