516 Old Us Hwy Socorro, NM 87801
This exceptional freestanding retail showroom, located at 516 Old US Hwy 85 in Socorro, New Mexico, presents a unique investment opportunity. The property boasts 9,000 square feet of space within a single-story building constructed in 2014, situated on a 1.28-acre lot. Currently leased to Dollar Tree, the lease expires in January 2025, making this a vacant possession opportunity for the buyer. The building offers excellent visibility and accessibility along a major north/south thoroughfare in Socorro, with ample parking available. The property features prominent monument signage, ensuring high visibility for your business. This well-maintained structure offers full access and is ready for immediate occupancy upon lease expiration. The asking price is $900,000. This property is ideal for a variety of retail uses and represents a strong investment in a growing New Mexico market. The property's location in Socorro County, zip code 87801, provides easy access to the local community and surrounding areas. The building's modern construction and prime location make it an attractive option for businesses seeking a high-impact presence in Socorro.
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.