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    700 6Th St Socorro, NM 87801

    For Sale
    $217,105

    Prime Socorro commercial pad site. Excellent investment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.45-acre commercial pad site presents a remarkable investment opportunity in the heart of Socorro, New Mexico's bustling commercial district. Located near 700 Sixth Street, this property is part of the Plaza del Sol development, a vibrant commercial center. The asking price for this land is $217,105. This particular pad site is one of seven available within the Plaza del Sol complex, offering excellent visibility and accessibility. The larger Plaza del Sol development is anchored by a Walmart, demonstrating the strong commercial viability of the area. The property's location within the established commercial district ensures high traffic volume and exposure to a significant customer base. This makes it ideal for a variety of commercial ventures, from retail establishments to restaurants and service businesses. The 0.45-acre lot provides ample space for development, allowing for flexibility in design and construction. With its strategic location and attractive price point, this pad site represents a compelling investment opportunity for those seeking a foothold in Socorro's thriving commercial market. The property is situated in Socorro, NM, zip code 87801. This is a rare chance to acquire a prime piece of commercial real estate in a growing New Mexico community.

    Property Features for 700 6Th St

    General Information

    Property type
    Land
    Lot Size
    19,602 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Socorro
    County
    Socorro
    State
    New Mexico
    Longitude
    -106.8895661
    Latitude
    34.0650435

    Nearby Comparable

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    FAQs

    What type of property is this?
    Land - Prime Socorro commercial pad site. Excellent investment opportunity.
    Where is this land located?
    The property is located at 700 6Th St Socorro, NM.
    What is the asking price?
    The asking price for this property is $217,105.
    (505) 256-7573
    Request Owner's contact information
    700 6Th St Socorro, NM 87801
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    Socorro, NM 87801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    700 6Th St Socorro, NM 87801
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