Courtesy: Coldwell Banker Legacy
505-480-4848
This is a 3,462 sf freestanding building on .464 acres. Prime location situated on Socorro's busiest corner on California Street, according to the Hwy Dept. Two new roof top cooler units were installed May 2024. This property requires very little management and is currently leased for $3,100/month. Built to suit for tenant 14+ years ago.
Courtesy: EXP Realty LLC
505-980-9822
Nestled in the heart of Socorro, New Mexico, the historic Hotel Val Verde is a captivating property that offers a unique investment opportunity. With its rich history and distinctive architecture, this landmark hotel is brimming with potential and awaits restoration to its former grandeur.The hotel has a interior beautiful court yard, 77 doors and each room is unique, just like the hotel.Rooms have recently been rented as Airbnb's. The hotel is complete with kitchen, restaurant and lobby. There is currently damage to the restaurant that will need repair before hotel can be fully operational. There are numerous commercial office spaces on the lower level that can be leased, See floorplan. A great investment property!
Socorro is located in New Mexico. Socorro, New Mexico has a population of 8,608. Socorro is less family-centric than the surrounding county with 15.36% of the households containing married families with children. The county average for households married with children is 15.47%.
The median household income in Socorro, New Mexico is $33,608. The median household income for the surrounding county is $34,008 compared to the national median of $57,652. The median age of people living in Socorro is 27.6 years.
The average high temperature in July is 96.1 degrees, with an average low temperature in January of 19.9 degrees. The average rainfall is approximately 11.3 inches per year, with 5 inches of snow per year.
