203 Manzanares Avenue, Socorro, NM 87801
$750,000
Property Type:
Commercial Sale
Square Footage:
21,780
Lot Size (sq. ft.):
21,780
Status:
Active
Current Price:
$750,000
List Date:
10/09/2023
Last Modified:
3/11/2024
Description
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!
More Information MLS# 1042798
Contract Information
Listing Price: 750000
Current Price: $750,000
List Price/SqFt: 34.44
Status: Active
Location
Street #: 203
Street Name: Manzanares
St Suffix: Avenue
County: Socorro
City/Town Code: Socorro
State/Province: NM
Zip Code: 87801
Zip +4: 5023
Directions: from I-25 South exit 150 west toward US-60 West, Socorro Continue onto N California ST Turn left onto Manzanares ST. Property is on the left side.
Geo Lat: 34.057763
Geo Lon: -106.889881
Area: 620 - North Socorro
Zone Atlas: NOZA
General Property Description
Property Sub-Type: Multi-Use
Apx Structured SqFt: 21780
SqFt Source: Broker
Acres: 0.5
Lot SqFt: 21780
Apx Lot Dim Front: 140
Apx Lot Dim Side: 140
Lot Size Source: Plat
Flood Zone: No Flood Map
Total # Stories: 2
# Parking Spaces: 12
Docks: No
Door Height: 7''
Disability Access: Yes
HVAC: No
Transaction Type: Sale
Tax & Legal Info
UPC Code: P024235
Short Legal Desc: Stapleton Addition
GRT Code: 25-125
Current Taxes: 0.76
Tax Exemption: No
Income & Expenses
Annual Oper Expenses: 109480
Annual Gross Income: 220000
Miscellaneous
Land Ownership: Land Owned
Sales Info
Trade/Xch Considered: No
Property Features
Location: Corner Lot; Downtown; Freestanding; Corner Lot; Downtown; Freestanding
Construction: Adobe; Block; Brick
Exterior Material: Brick Veneer
Utilities: Cable Available; Community Water; Electricity Connected; Natural Gas Available
Heating: Hot Water; Perimeter/Baseboard
Cooling: Window Units(s)
Lease Information: None
Parking: Onsite
Docs/Data Available: Disclosure Statement; Plat Map
Finance Considered: Cash; Conventional
Zoning: C-1
Listing Office: EXP Realty LLC
Last Updated: March - 11 - 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.