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- LoopNet Team
1495 NE Frontage Rd
Socorro, NM 87801
Health Care Property For Sale
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7 Beds
Investment Highlights
- 13 Acres for Redevelopment into RV or Self Storage in addition to current ALF use
- Existing successful Assisted Living Facility
- Potential for Multiple Revenue Streams
Property Facts
About 1495 NE FRONTAGE RD , SOCORRO, NM 87801
**TAKE OVER OPERATION OF ASSISTED LIVING** WITH **ADDITIONAL 13 ACRES FOR 55 PLUS RV DEVELOPMENT** 13 Acres of MRGCD Water Rights. The current use of the property is an owner-operated unskilled Assisted Living Residential Care facility (ALF)- The 4 bedroom house was converted into a 7 bed assisted living in 2018 with a full fire suppression system, ramps, etc. The facility is fully operational. The sales price includes the business, the property, and water rights. Additional uses for this property include an RV Park, Self Storage, added Assisted Living, hobby farm, Equine therapy, Equine hotel, Vacation RV park, mobile home park, cannabis growing, and so much more. There's enough room on the property to have multiple revenue streams. The underlying loan is assumable and the seller may consider owner finance on the remaining balance. Water Rights may be leasable for additional passive revenue. Buyer to investigate.
Property Taxes
| Parcel Number | R000418 | Improvements Assessment | $75,000 |
| Land Assessment | $7,691 | Total Assessment | $82,691 |
Property Taxes
