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A prominent commercial building along one of Socorro’s busiest corridors is heading to auction next week. The building has been empty since it closed its doors in January 2025.
The former Dollar Tree building at 516 South Old Highway 85 will be sold through an online auction running March 5–12, with prebidding already open. The starting bid is $400,000, and current prebids begin at $405,000, according to SVN Walt Arnold Commercial Brokerage, which is cooperating on the sale.
The 9,000‑square‑foot structure sits on approximately 1.28 acres with 100 feet of frontage, 45 parking spaces, and pylon signage. The site lies just south of the signalized intersection at U.S. 60, a key north–south and east–west junction.
County records confirm the parcel as Lot 2, Section 22, Socorro Grant, measuring 1.2811 acres. The Socorro County Treasurer’s tax statement lists the assessed land and improvements under Account R042093, noting a 2025 balance of $3,095.12. “Grand Total Due as of 12/19/2025 … $3,095.12,” the statement reads.
A 2014 recorded plat and easement agreement shows the property shares reciprocal access, parking, and drainage rights with the adjacent lot. The document states that Lucky Turtle LLC established “a nonexclusive parking easement … over Lot 2 for the benefit of Lot 1” and reciprocal ingress and egress to U.S. Highway 85. These easements run with the land and will transfer to the new owner.
The property will be sold under standard commercial auction conditions. The sale is an all-cash transaction, and the building is offered strictly “as is, where is.” The winning bidder must submit a 10 percent deposit within 48 hours, with the remaining balance due at closing 30 days later. A 10 percent buyer’s premium will be added to the final bid amount, and the auction will be conducted with reserve. A 2 percent commission is available to any licensed real estate agent who registers the winning bidder and completes the sale. Closing will be handled through the seller’s notary.
The property was previously transferred to Special K Investments Inc. via a Special Warranty Deed recorded December 29, 2015, according to a title search report.
Bidding will take place entirely online from March 5 through March 12. Interested buyers must register through the auction platform and comply with deposit and closing requirements.
