700 6Th St Socorro, NM 87801
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.