2027- 2031 Magoffin Avenue, El Paso, TX 79901 | 2027-2027 1/2 Magoffin Ave
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2027- 2031 Magoffin Avenue, El Paso, TX 79901 2027-2027 1/2 Magoffin Ave
6,015 SF 100% Leased Retail Building El Paso, TX 79901 £333,023 (£55/SF)
Investment Highlights
- Anchored by the well-established Sylvia's Grocery, a beloved local market
- Single family home attached
- Studio Rentals
- mixed-use property is zoned C4
Executive Summary
Investment and redevelopment opportunity Perfectly positioned on a prominent corner parcel this mixed-use property is zoned C4, offering an expansive range of commercial, retail, and mixed-use possibilities. Currently anchored by the well-established Sylvia's Grocery, a beloved local market complete with a kitchen, this versatile property also features an attached residence and Additionally, two separate income-producing studio rental units provide steady cash flow and stability. Surrounded by multifamily residences and other mixed-use developments, this location benefits from mid-level traffic flow and strong neighborhood engagement. Also included is an attached flexible-use area ideal for private gatherings, entertainment, or event rentals, complemented by a convenient side entrance and an outdoor restroom.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,015 SF
Building Class
C
Year Built
1920
Price
£333,023
Price Per SF
£55
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.50
Lot Size
0.28 AC
Zoning
C4 - mixed-use property is zoned C4
Frontage
48 ft on Magoffin Ave
Walk Score ®
Very Walkable (71)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | B202-999-0320-9900 | Improvements Assessment | £151,921 |
Land Assessment | £24,526 | Total Assessment | £176,447 |
PROPERTY TAXES
Parcel Number
B202-999-0320-9900
Land Assessment
£24,526
Improvements Assessment
£151,921
Total Assessment
£176,447
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1st Choice Realty
2027- 2031 Magoffin Avenue, El Paso, TX 79901 | 2027-2027 1/2 Magoffin Ave
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