0 Pinon Socorro, NM 87801

This exceptional investment opportunity comprises 28 developed residential lots in Socorro, New Mexico, totaling 20,000 square feet. Each lot is situated in a desirable R1 zoned area, offering a unique chance to capitalize on the growing demand for affordable housing in the city. The lots are priced at $600,000, or approximately $21,400 per lot, representing a compelling value proposition for developers. Existing infrastructure includes water, electricity, and natural gas connections, with sewer lines currently under development. Each lot is just under half an acre, providing ample space for various housing options, including site-built homes or manufactured housing. The property is identified by APN 0010810059 and is held under LLC ownership. The land value is $1.07 per square foot. All information is subject to buyer due diligence. This presents a significant opportunity to address Socorro's need for affordable housing, creating a potentially lucrative return on investment. The address is 0 Pinon, Socorro, NM 87801.