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. Two additional small homes in need of some work also convey. A great investment property!
Question About This Property
Price:
$750000
Address:
203 Manzanares Avenue Socorro, NM 87801
Square Feet:
21,780
Lot Size:
0.5 Acres
Terms:
For Sale
Property Type:
Commercial
Const. Type:
Adobe,Block,Brick
MLS #:
1042798
Additional Features
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. Two additional small homes in need of some work also convey. A great investment property!
