Former Monette Ford Auto Dealership (Socorro, NM)

Retail-Commercial for Sale
Catylist Listing ID: 30152250
Property Subtypes: Free-Standing Building, Street Retail, Vehicle Related
Building Size (RSF): 16,046 SF
Gross Land Area: 272,250 SF
Sale Price: $1,195,000
Unit Price: $74.47 PSF
Ceiling: 12 ft.
Property Use Type: Vacant/Owner-User
Building Name: Former Monette Ford Auto Dealership
Usable Size (USF): 16,046 SF
Sale Terms: Cash to Seller
Auction License Number: N/A
Cap Rate: Undisclosed
Last Updated: 8/23/2017

Overview / Comments

The property includes improvements located at 1261 West Frontage Road. The site contains five tracts of land being 6.25 acres total in size. The Zoning is C-2, General Commercial District. Improvements include a 14,891 sqft showroom (main building) and a 1,155 sqft wash bay/detail building. There is lighting in the parking lot, pipe, wood & chain link fence and ample signage and visibility from I-25.

Additional Details

Nearest MSA: Albuquerque
County: Socorro
Taxing Authority: Socorro County
Tax ID/APN: R000580, R000581, R000586
Zoning: C-2 GENERAL COMMERCIAL DISTRICT
Retail Clientele: General
Property Located Between: Property is located just west of Interstate 25 of west frontage road
Property Visibility: Excellent
Largest Nearby Street: Interstate 25
Highway Access: Immediate access and superior visibility from Interstate 25
Airports: Sunport International
Site Description: Site is located at the SW corner of Newberry road and West Frontage road. Site is generally flat with two buildings. Asphalt parking lot.
Area Description: The neighborhood is located in North Socorro. The majority of the neighborhood is commercial use. The subject is located just west of interstate 25 of West Frontage Road. Most of the commercial use is commercial / retail.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Fair
Year Built: 1971
Roof Type: Other
Construction/Siding: Block, Wood Frame
Exterior Description: The condition of the improvements would be considered fair for a building of this age. The property shows signs of depreciation for a building of this age, which is based on the building not being used for the past couple of years and is lacking some normal maintenance and the roof needs some major repair work.
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Other
Air Conditioning: Evaporative Cooler
Interior Description: The interior of the main showroom is open and has multiple built-out offices. Finishes are in need of upgrade as property has been vacant for at least three years.
Zoning Description: The subject is zoned C-2 General Commercial District. The C-2 district is intended to provide for certain commercial/retail uses which generate large volumes of automobile traffic. The district is intended for areas surrounding major arterial intersections where a wide range of automobile related service facilities, convenience goods, and personal services are desirable and appropriate as a land use.
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: fee simple
Legal Description: Tracts 28A1B, 28A1C1, 28A1AA2A5, & 28A1A1, 28A1A3D, located in section 9 of Socorro Grant.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,583 5,745 7,839
Median Age: 33.03 31.46 33.56
Households: 1,474 2,322 3,173
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