1495 Frontage Road, Socorro, NM 87801
$1,200,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
566,280
Status:
Active
Current Price:
$1,200,000
List Date:
1/24/2024
Last Modified:
3/26/2024
Description
**Develop a 55 Plus RV Park!** SUBTO wrap Available on this 13 Acre with I-25 frontage. Leasable Ancient Water Rights. An ACTIVE unskilled Assisted Living Residential Care facility with 7 beds generates revenue currently. The facility is fully operational. The sales price includes the Assisted Living Facility, the 13 acres, and water rights. City Water, All Utilities, and Sewage are active on the property.
Best uses for this property include RV Park, 55+ permanent RV park, Vacation RV park, Assisted Living, mobile home park, self-storage, hobby farm, Equine therapy, Equine hotel, and so much more. There's enough room on the property to have multiple revenue streams. The Pre1906 water rights are pending expected in Apr or May 2024- Current rights are MRGD rights.
More Information MLS# 1055928
Contract Information
Listing Price: 1200000
Current Price: $1,200,000
Status: Active
Location
Street #: 1495
Street Name: Frontage
St Suffix: Road
County: Socorro
City/Town Code: Socorro
State/Province: NM
Zip Code: 87801
Directions: Northbound Frontage Leaving Socorro on I-25
Geo Lat: 34.082636
Geo Lon: -106.893408
Area: 620 - North Socorro
Zone Atlas: NOZA
General Property Description
Property Sub-Type: Multi-Use
Acres: 13
Lot SqFt: 566280
Apx Lot Dim Front: 312.5
Apx Lot Dim Side: 1250
Lot Size Source: On-Line
Flood Zone: No Flood Map
Total # Stories: 1
# Parking Spaces: 5
Docks: No
Disability Access: Unknown
HVAC: Yes
% Occupied: 100
Transaction Type: Business Included
Tax & Legal Info
UPC Code: Not Available
Short Legal Desc: Map 161 Tract 19B1A1B (6.69 AC); Map 161 Tract 19B1A1A (.729 ACRE); MAP 161 TRACT 19B1A2 (5.576 AC)
GRT Code: 25-125
Tax Exemption: Unknown
Income & Expenses
Annual Oper Expenses: 284581
Annual Gross Income: 355626
Miscellaneous
Land Ownership: Land Owned
Cooling
Centrally Ducted: Yes
Sales Info
Trade/Xch Considered: No
Property Features
Location: Interstate Frontage; Interstate Frontage
Construction: Frame
Exterior Material: Stucco
Property Access: W Property Line
Road Frontage Type: Interstate
Road Surface Type: Paved
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Natural Gas; Pellet Stove
Cooling: Central Air; Evaporative Cooling
Tenant Pays: None
Lease Information: Other - See Remarks
Docs/Data Available: None
Finance Considered: Cash; Owner Financing
Zoning: MU-A
Documents
Sellers Disclosure ›
Seller's Notes of property ›Listing Office: Realty One of New Mexico
Last Updated: March - 26 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.