900 California St Socorro, NM 87801
- Commercial real estate
- 3,462 SF
- 0.43 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 900 California St
- Lot size
- 0.43 lot acres
- Property size
- 3,462 SF
- Property type
- Commercial real estate
Description
This exceptional 3,462 square foot freestanding commercial building presents a lucrative investment opportunity in Socorro, New Mexico. Strategically located on a prominent corner of California Street, identified by the Highway Department as Socorro's busiest intersection, this property boasts high visibility and significant foot traffic. The building sits on a sizable 0.464-acre lot, offering ample space and potential for future expansion or development. Constructed fourteen years ago to meet the specific needs of a long-term tenant, the building is currently leased, generating a stable monthly income of $3,100. The property requires minimal management, making it an attractive option for passive investors. Recent improvements include the installation of two brand-new rooftop cooler units in May 2024, ensuring efficient climate control and reducing ongoing maintenance costs. This turnkey investment offers a compelling blend of location, income generation, and low-maintenance operation, making it an ideal addition to any commercial real estate portfolio. The property's strong lease history and prime location position it for continued success and potential appreciation. This is a rare opportunity to acquire a well-maintained, high-performing commercial property in a thriving New Mexico community.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Socorro
- County
- Socorro
- State
- New Mexico
- Longitude
- -106.892
- Latitude
- 34.0666
