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Listed by EXP Realty LLC
$ 550,000
Est. payment | /mo
0.5 Acres Lot
$ 550,000
Est. payment | /mo
0.5 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1042798
HOA Y/N No
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions Public Records
Property Sub-Type Mixed Use
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. A great investment property!
Location
State NM
County Socorro
Area 620 - North Socorro
Interior
Heating Baseboard, Hot Water
Cooling Window Unit(s)
Fireplace No
Exterior
Parking Features On Site
Utilities Available Cable Available, Electricity Connected, Natural Gas Available, Water Available
Water Access Desc Community/Coop
Accessibility Wheelchair Access
Total Parking Spaces 12
Building
Story 2
Water Community/ Coop
Others
Tax ID P024235
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional