516 Old Us Hwy Socorro, NM 87801
- Retail properties
- 9,000 SF
- 1.28 lot acres
Current Use by Public Records
- Retail properties
Property Details for 516 Old Us Hwy
- Year built
- 2014
- Lot size
- 1.28 lot acres
- Property size
- 9,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Socorro
- County
- Socorro
- State
- New Mexico
- Longitude
- -106.891
- Latitude
- 34.0517
