TITLE:
High-Visibility Retail Site on Socorro main corridor— .793 Acres
CONTROL:
Exclusive
VALUE:
$250,000
LOAN:
$0
EQUITY:
$250,000
TYPE:
Retail/Commercial
HAVE:
Discover a prime commercial opportunity at 202 California Street in the heart of Socorro’s main retail corridor. This .793-acre parcel with a 2,386 SF building offers exceptional visibility, easy access, and ample parking (5/1,000).
ADDRESS:
202 California St., Socorro, New Mexico
BENEFITS TO NEW OWNER:
This property features a stable income stream with one long-term tenant and a newer tenant who has invested thousands in recent tenant improvements, reflecting strong commitment and long-term occupancy potential.
GROSS SCHEDULED INCOME:
$28,800 Actual
VACANCY LOSS:
$1,440
GROSS EFFECTIVE INCOME:
$27,360
EXPENSES:
$8,396
NOI:
$18,964
DEBT SERVICE:
$14,964
CASH FLOW:
$4,000
CAP RATE:
7.59%
BENEFITS SOUGHT:
Looking to cash out some of investment portfolio.
CAN ADD:
216-218 California St. Socorro, NM &
300 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
