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203 Manzanares Avenue

Socorro, NM 87801
  • $750,000
  • STATUS: Active
  • ON SITE: 50 Days
  • MLS #: 1042798
UPDATED: 38 min ago
$750,000
  • 0
    BEDS
  • 0.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

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. Two additional small homes in need of some work also convey. A great investment property!

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IDX information © 2023 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2023-11-29T16:05:13.353.
www.sandisells.com/homes/144209250
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203 Manzanares Avenue Socorro, NM 87801

  • Price: $750,000
  • Status: Active
  • On Site: 50 Days
  • Updated: 38 min ago
  • MLS #: 1042798
0
Beds
0
Baths
0
½ Baths
0.5
Acres
Neighborhood:
620 - North Socorro
County:
Socorro
Area:
620 - North Socorro
Property 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. Two additional small homes in need of some work also convey. A great investment property!
Exterior Features

Construction Materials Adobe Brick Brick Veneer Block Parking Features On Site Parking Total 12 Stories Total 2

Interior Features

Cooling Window Units Cooling YN No Heating Baseboard Hot Water Heating YN Yes

Property Features

Accessibility Features Wheelchair Access Building Area Total 21780 Gross Income 220000 Land Lease YN No Leasable Area 0 Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Terms Cash Conventional Operating Expense 109480 Property Sub Type Mixed Use Tax Annual Amount 0.76 Utilities Cable Available Electricity Connected Natural Gas Available Water Available Water Source Community Coop Zoning Description C-1

Southwest MLS] logo Listing courtesy of Exp Realty Llc: (505) 554-3873. © 2023 Southwest Multiple Listing Service, Inc.


IDX information © 2023 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2023-11-29T16:05:13.353.
 
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Sandi Pressley Team | Coldwell Banker Legacy
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Alburquerque NM, 87111