Socorro Verizon

Retail-Commercial for Sale
Catylist Listing ID: 30561785
Property Subtypes: Mixed Use, Street Retail, Other
Building Size (RSF): 6,472 SF
Gross Land Area: 0.73 SF
Sale Price: $295,000
Unit Price: $45.58 PSF
Property Use Type: Investment
Usable Size (USF): 6,472 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/25/2021

Overview / Comments

Located on the busy Highway S. 85/ California Street close to downtown a 6,472 Building with Verizon as one tenant now ready for the second tenant. Sitting on .72 acres next door to Dollar Tree. Ready for new tenant or owner user. Developer says sell!

Current Tenants

Tenant Business Name Russell Cellular Inc.
Is Renting? Yes
Suite Number B
SF of Space Occupied 3,200 SF
Current Rent $1,800 PSF (Annual)
Lease Expiration 2/0028
Options Tenant has on three year option to renew.

Additional Details

Nearest MSA: Albuquerque
County: Socorro
Retail Clientele: General, Business
Property Located Between: Spring & Meek
Property Visibility: Excellent
Largest Nearby Street: Spring
Traffic/Vehicle Count: 23,000
Highway Access: Easy access off I-25 to California.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,000 SF
Property Condition: Good
Year Renovated: 2017
Roof Type: Flat
Parking Type: Surface
Lot Frontage: 118
Lot Depth: 230
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,162 5,745 8,104
Median Age: 28.86 31.46 33.69
Households: 848 2,322 3,273


Photograph of Listing Agent

Richard Hanna

Hanna Commercial, LLC CARNM CIE Member
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