1630 Texas
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1630 Texas
13,717 SF 100% Leased Retail Building El Paso, TX 79901 £1,027,013 (£75/SF) 8% Net Initial Yield
Executive Summary
This is an exceptional multi-tenant commercial property with development potential at a prime location with high visibility and convenient access. Located on Texas Ave between Cotton and Dallas. With dual access from both Texas Ave and Myrtle. This versatile property features 2 buildings along with a metal storage building offering a flexible layout to accommodate a variety of business needs. M1 zoning allows for a wide range of uses. Additionally, its location in an empowerment zone presents potential tax benefits and development incentives. The property is currently occupied by five tenants with NN leases, ensuring a steady income stream. The new owner has the option to give tenants notice in case of sale, providing flexibility for future plans. This is an excellent opportunity to acquire an established commercial property in a prime location with exciting development potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
13,717 SF
Building Class
C
Year Built
1913
Price
£1,027,013
Price Per SF
£75
Net Initial Yield
8%
NOI
£82,161
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.57
Land Acres
0.55 AC
Zoning
M1
Walk Score ®
Very Walkable (78)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | C849-999-0610-3700 | Improvements Assessment | £494,023 |
Land Assessment | £84,209 | Total Assessment | £578,232 |
PROPERTY TAXES
Parcel Number
C849-999-0610-3700
Land Assessment
£84,209
Improvements Assessment
£494,023
Total Assessment
£578,232
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1630 Texas
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