TITLE:
Side-by-Side Commercial Parcels with Exceptional Visibility
CONTROL:
Exclusive
VALUE:
$275,000
LOAN:
$0
EQUITY:
$275,000
TYPE:
Retail/Commercial
HAVE:
Located in the heart of Socorro’s main commercial corridor, 216 & 218 S. California Street offer a rare opportunity to own side-by-side parcels totaling 1.225 acres with 2,805 square feet of commercial space.
ADDRESS:
216&218 California St., Socorro, New Mexico
BENEFITS TO NEW OWNER:
Two adjoining parcels totaling 2,805 SF on 1.225 acres, offering great visibility, ample parking, and strong income potential. Located on Socorro’s main corridor, this property provides stable returns and future development potential.
GROSS SCHEDULED INCOME:
$39,264 Projected
VACANCY LOSS:
$1,963
GROSS EFFECTIVE INCOME:
$37,301
EXPENSES:
$9,515
NOI:
$27,786
DEBT SERVICE:
$16,464
CASH FLOW:
$11,322
CAP RATE:
10.10%
BENEFITS SOUGHT:
Looking to cash in on some of the portfolio.
CAN ADD:
202 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
