TITLE:
Flexible Commercial Property on Socorro’s Main Street
CONTROL:
Exclusive
VALUE:
$300,000
LOAN:
$0
EQUITY:
$300,000
TYPE:
Retail/Commercial
HAVE:
This 2,424 SF single-story building offers a flexible layout with six offices, a kitchen. Property includes front and rear parking plus a charming courtyard, making it ideal for office, retail, or professional service use along Socorro’s main corridor.
ADDRESS:
300 California St., Socorro, New Mexico
BENEFITS TO NEW OWNER:
Versatile 2,424 SF building on .27 acres with front and rear parking, a private courtyard, and excellent visibility—perfect for office, retail, or professional use in Socorro’s main commercial corridor.
GROSS SCHEDULED INCOME:
$33,936 Projected
VACANCY LOSS:
$1,697
GROSS EFFECTIVE INCOME:
$32,239
EXPENSES:
$2,492
NOI:
$29,747
DEBT SERVICE:
$17,964
CASH FLOW:
$11,783
CAP RATE:
9.92%
BENEFITS SOUGHT:
Cash in on some of the real estate portfolio.
CAN ADD:
202 California St. Socorro, NM &
216-218 California St. Socorro, NM
REMARKS:
This property is Co-listed with Kathleen Griego
Cell: 505-573-4347
email: kathleengriego@yahoo.com
COUNSELOR:
Angelo Mora
Caruso Realty LLC
9998 Montgomery Blvd. NE Suite C
Albuquerque, New Mexico, 87111
