0 PinonSocorro, NM 87801

For Sale
$600,000

Developed lots, prime investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity comprises 28 developed residential lots in Socorro, New Mexico, totaling 20,000 square feet. Each lot is situated in a desirable R1 zoned area, offering a unique chance to capitalize on the growing demand for affordable housing in the city. The lots are priced at $600,000, or approximately $21,400 per lot, representing a compelling value proposition for developers. Existing infrastructure includes water, electricity, and natural gas connections, with sewer lines currently under development. Each lot is just under half an acre, providing ample space for various housing options, including site-built homes or manufactured housing. The property is identified by APN 0010810059 and is held under LLC ownership. The land value is $1.07 per square foot. All information is subject to buyer due diligence. This presents a significant opportunity to address Socorro's need for affordable housing, creating a potentially lucrative return on investment. The address is 0 Pinon, Socorro, NM 87801.

Highlights

  • 28 developed residential lots totaling 20,000 square feet in Socorro, NM.
  • Lots are priced at $600,000 ($21,400 per lot).
  • R1 zoning allows for site-built or manufactured homes.
  • Existing infrastructure includes water, electricity, and natural gas; sewer lines under development.
  • APN 0010810059; held under LLC ownership.
  • Land value: $1.07 per square foot. Address: 0 Pinon, Socorro, NM 87801.

Location Insight

City
Socorro
County
Socorro
State
New Mexico
Latitude
34.0534749341
Longitude
-106.91778980394
Pinon, Socorro, New Mexico

FAQs

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0 Pinon
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