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Property profile & analytics
OFF-MARKET
Land

700 6Th St Socorro, NM 87801

6.27 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 6.27-acre commercial land parcel presents a unique investment opportunity in the heart of Socorro, New Mexico's bustling commercial district. Situated near 700 Sixth Street, this pad site benefits from its strategic location within Plaza del Sol, a thriving commercial center. The property's 6.27-acre size offers significant development potential, allowing for a variety of commercial uses. The site is part of a larger development featuring a total of seven pad sites, with a Walmart anchoring the largest pad (over 13 acres). This prime location ensures high visibility and accessibility, attracting significant foot traffic and customer base. The address is conveniently located in Socorro, NM, zip code 87801, providing easy access to major transportation routes and amenities. This is an exceptional opportunity to acquire a substantial commercial land parcel in a rapidly growing area with strong potential for return on investment. The asking price for this remarkable property is $2,700,000. Don't miss this chance to secure a piece of Socorro's vibrant commercial landscape.

Property profile
Verified
Property type Land
Lot 6.27 ac (273,121 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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