Home / Socorro / North Socorro / MLS #1042798

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203 Manzanares Avenue

Socorro, NM 87801

$550,000

21,780 sqft • 0.5 acres

$25

Per SQFT

10/09/2023

Listing Date

1042798

Listing #

87801

Zip Code

Socorro

County

About This Property

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!

Building And Construction

Property Type: Commercial Sale

Building Area Total: 21,780 sqft

Construction Materials: Adobe, Brick, Brick Veneer, Block

Exterior And Lot

Lot Size Acres: 0.5

Lot Size Square Feet: 21,780 sqft

Parking Features: On Site

Parking Total: 12

Provisional

MLS #: 1042798

Gross Income: 220000

Listing Terms: Cash, Conventional

Operating Expense: 109480

Area And Schools

City: Socorro

Postal Code: 87801

MLS Area Major: North Socorro

County: Socorro

Accessibility Features: Wheelchair Access

Parcel Number: P024235

Utilities

Utilities: Cable Available, Electricity Connected, Natural Gas Available, Water Available

Cooling: Window Unit(s)

Heating: Baseboard, Hot Water

Heating (Y/N): Yes

Water Source: Community/Coop

Location

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.

Listing courtesy of EXP Realty LLC

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-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

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Daria Derebera

Real Estate Agent in Albuquerque, NM

(505) 521 8550

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