New Mexico / Socorro / 87801 / 807 Old US Hwy 85

807 Old US Hwy 85

Q: What is the asking price for 807 Old US Hwy 85 in Socorro?

The asking price for 807 Old US Hwy 85 is $425,000

Q: What is the building size of this Specialty property in Socorro, NM?

The size of the building/unit at 807 Old US Hwy 85 in Socorro is 4,488 square feet.

Q: How much land does the Socorro, NM property at 807 Old US Hwy 85 include?

807 Old US Hwy 85 in Socorro includes 2.480 acres of land.

Q: What is the population within 1 mile of 807 Old US Hwy 85?

The population within 1 mile of 807 Old US Hwy 85 Socorro, NM 87801 is 814 people.

Q: Who do I contact for questions about 807 Old US Hwy 85?

You should contact the listing agent, Consuelo Horne, for any details regarding this commercial listing.

Socorro, NM 87801

Motel - 95 Units

Listing ID: 221333

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Building Size: 4,488 SF

Lot Size: 2.480 AC

Land Size: 108,028 SF

Building $/SF: $94.70

Land $/SF: $3.93

Price

$425,000

Description

Absolute Investment Realty is proud to present this opportunity consisting of a 95 unit (plus manager’s office and laundry facility), exterior corridor, two story mid-scale motel conveniently accessible off Interstate 25 in Socorro, NM. The property can be purchased for the purpose of meeting the lodging needs of Socorro or re-purposing to meet the housing needs in this busy college town. Socorro is known for being home to the New Mexico Institute of Mining and Technology which reports an undergraduate population of approximately 1,569 students. The Energetic Materials Research and Testing Center (EMRTC) is a major research and training division of New Mexico Tech, internationally recognized and has over 60 years of experience in explosives research and testing.

Attachments & Files

807-hwy-85-version-2-final-Ejj-NRw.pdf

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Listing Demographics for 807 Old US Hwy 85 Socorro, NM 87801

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		814	4,959	6,983
Population Median Age		40	37	37
Population by Age	0-9 Yrs	46 (5%)	443 (8%)	778 (11%)
	10-19 Yrs	45 (5%)	753 (15%)	1082 (15%)
	20-29 Yrs	316 (38%)	1338 (26%)	1522 (21%)
	30-39 Yrs	71 (8%)	477 (9%)	741 (10%)
	40-49 Yrs	59 (7%)	363 (7%)	510 (7%)
	50-59 Yrs	67 (8%)	496 (10%)	779 (11%)
	60-69 Yrs	110 (13%)	539 (10%)	807 (11%)
	70+ Yrs	101 (12%)	551 (11%)	764 (10%)

Median HH Income		$24,724	$41,974	$41,384
Total Household Income	< 24K	169 (51%)	468 (30%)	650 (30%)
	25-49K	62 (18%)	449 (29%)	649 (30%)
	50-74K	62 (18%)	219 (14%)	274 (12%)
	75-99K	13 (3%)	163 (10%)	210 (9%)
	100-199K	22 (6%)	235 (15%)	341 (15%)
	200K+	2 (0%)	11 (0%)	26 (1%)

Highest Education Level	No Diploma	113	408	605
	Diploma or GED	166	763	1129
	Some College	115	582	846
	Assoc. Degree	48	241	334
	Bachelors Degree	81	403	571
	Higher Degree	50	414	581

Total Housing Units		462	2,547	3,500
--Owner-Occupied		139	908	1,327
--Renter-Occupied		191	637	823
Owner-Occupied Values	< 100K	41	263	448
	100-199K	66	446	575
	200-299K	21	158	251
	300-399K	8	25	31
	400-499K	0	6	8
	500K+	1	9	15

Total Working Age Population		741	4,112	5,588
In Work Force		359	2,050	2,713
Not In Work Force		382	2,062	2,874
Workforce Employed		347	2,001	2,633
Workforce Unemployed		12	48	80
Civlian Workforce		359	2,050	2,713
Military Workforce		0	0	0

Total Households		329	1,545	2,150
Family Households		113	715	1,020
Non-Family Households		216	830	1,130
Married Couple		63	482	686
Other Family		50	233	334
Married w/Child		9	142	197
Single Male w/Child		1	7	9
Single Female w/Child		9	71	110

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
New Mexico	1,819,046	+13	2,059,179	+6	2,187,183	+6	2,308,475
Socorro County	18,078	-1	17,866	+2	18,164	-3	17,616

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 807 Old US Hwy 85 in Socorro?

The asking price for 807 Old US Hwy 85 is $425,000

What is the building size of this Specialty property in Socorro, NM?

The size of the building/unit at 807 Old US Hwy 85 in Socorro is 4,488 square feet

How much land does the Socorro, NM property at 807 Old US Hwy 85 include?

807 Old US Hwy 85 in Socorro includes 2.480 acres of land

What is the population within 1 mile of 807 Old US Hwy 85 in Socorro?

The population within 1 mile of 807 Old US Hwy 85 Socorro, NM 87801 is 814 people.

Who do I contact for questions about 807 Old US Hwy 85?

You should contact the listing agent, Consuelo Horne, for any details regarding this commercial listing.

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Closest Commercial Airports

Airport	Distance (mi)
Albuquerque International Sunport / Kirtland Air Force Base (ABQ)	70
Tucson International Airport / Morris Air National Guard Base (TUS)	270
Lubbock Preston Smith International Airport (LBB)	292