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Two Retail Spaces 404-406 Sixth Ave

3,860 SF 50% Leased Industrial Building El Paso, TX 79901 £234,735 (£61/SF) 8.98% Net Initial Yield

Investment Highlights

  • Currently 50% Occupied, Current Tenant will Pay $1,500.00./ per month for 2 More Years
  • 2 Blocks Away from International Crossing
  • Total Building Area: 3,640
  • 2 Retail Spaces with Great Visibility to Stanton Street.
  • 2024 Property Taxes: $8,055.00

Financial Summary (Pro forma - 2024)

Annual Annual Per SF
Gross Rental Income £28,168 £7.30
Other Income - -
Vacancy Loss - -
Effective Gross Income £28,168 £7.30
Taxes £6,303 £1.63
Operating Expenses £782 £0.20
Total Expenses £7,085 £1.84
Net Operating Income £21,083 £5.46

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual £28,168
Annual Per SF £7.30
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £28,168
Annual Per SF £7.30
Taxes
Annual £6,303
Annual Per SF £1.63
Operating Expenses
Annual £782
Annual Per SF £0.20
Total Expenses
Annual £7,085
Annual Per SF £1.84
Net Operating Income
Annual £21,083
Annual Per SF £5.46

Property Facts

Price £234,735 Rentable Building Area 3,860 SF
Price Per SF £61 Number of Floors 1
Sale Type Investment or Owner User Year Built/Renovated 2004/2020
Net Initial Yield 8.98% Clear Ceiling Height 12 ft
Property Type Industrial No. Dock-High Doors/Loading 2
Property Subtype
Warehouse
  • General Retail Storefront
  • General Retail Storefront Retail/Office
  • General Retail Department Store
 Level Access Doors 2
Building Class B Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size 0.09 AC
Price £234,735
Price Per SF £61
Sale Type Investment or Owner User
Net Initial Yield 8.98%
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Storefront
  • General Retail Storefront Retail/Office
  • General Retail Department Store
Building Class B
Lot Size 0.09 AC
Rentable Building Area 3,860 SF
Number of Floors 1
Year Built/Renovated 2004/2020
Clear Ceiling Height 12 ft
No. Dock-High Doors/Loading 2
Level Access Doors 2
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • 24 Hour Access
  • Bus Route
  • Wheelchair Accessible
  • Accent Lighting

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

Links

1 of 1
Walk Score ®
Very Walkable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number C050-999-0760-5500 Total Assessment £170,093 (2023)
Land Assessment £29,999 (2023) Annual Taxes £6,303 (£1.63/sf)
Improvements Assessment £140,094 (2023) Tax Year 2024

PROPERTY TAXES

Parcel Number
C050-999-0760-5500
Land Assessment
£29,999 (2023)
Improvements Assessment
£140,094 (2023)
Total Assessment
£170,093 (2023)
Annual Taxes
£6,303 (£1.63/sf)
Tax Year
2024

zoning

Zoning Code C-1 (Neighborhood Commercial)
C-1 (Neighborhood Commercial)
(915) 479-5151

Contacts

  • Listing ID: 32721637

  • Date on Market: 07/08/2024

  • Last Updated:

  • Address: 404-406 Sixth Ave, El Paso, TX 79901

The Industrial Property at 404-406 Sixth Ave, El Paso, TX 79901 is currently available for sale. Contact Team Juan Uribe LLC for more information.

Nearby Listings

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404-406 Sixth Ave, El Paso, TX for sale Building Photo- Image 1 of 7
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404-406 Sixth Ave, El Paso, TX for sale Building Photo- Image 2 of 7
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Current rented space
404-406 Sixth Ave, El Paso, TX for sale Building Photo- Image 4 of 7
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© 2024 CoStar Group

Two Retail Spaces | 404-406 Sixth Ave
(915) 479-5151 x

Two Retail Spaces | 404-406 Sixth Ave

1/3

Juan Uribe

(915) 479-5151

(915) 479-5151

Fabian Uribe

(915) 585-0007

x105

(915) 585-0007 x105

Sebastian Alcazar, CCIM

(915) 478-9905

(915) 478-9905

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