For Sale
$5,750,000

7620 Mesa St El Paso, TX 79912

103-Room Hotel, High ROI Potential

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 103-key hotel presents a compelling value-add investment opportunity in El Paso, Texas. The four-story property, situated on a 1.68-acre lot at 7620 N Mesa St, El Paso, TX 79912, boasts interior corridors for enhanced guest security and privacy. Built in 1992 and renovated in 2008, the hotel offers a strong foundation for future growth. Its prime location provides convenient access to key attractions, including El Paso International Airport (an 18-minute drive), Sunland Park Mall (4 minutes), Sunland Park Racetrack and Casino (5 minutes), and the Viva El Paso shows at McKelligon Canyon (12 miles). The property currently generates a Net Operating Income (NOI) of $576,962, resulting in an attractive 10.03% capitalization rate. Priced at $5,750,000, or $55,825 per key, this hotel represents a significant opportunity for investors seeking strong returns in a thriving hospitality market. The property is zoned for commercial use. This is a rare chance to acquire a well-located, established hotel with significant upside potential. The property's strong performance and strategic location make it an ideal addition to any investment portfolio.

Highlights

  • 103-room, four-story building with interior corridors.
  • 18-minute drive to El Paso International Airport (ELP).
  • 4-minute drive to Sunland Park Mall.
  • 5-minute drive to Sunland Park Racetrack and Casino.
  • 12 miles to Viva El Paso shows at McKelligon Canyon.
  • Renovated in 2008.

Property Details for 7620 Mesa St

Property type
Hospitality properties, Motels
Year Built/Renovated
1992/2008
Stories
4
Lot Size (sq. ft)
73,181 SF

Location Insight

City
El Paso
County
El Paso
State
Texas
Latitude
31.8400424
Longitude
-106.5675685

FAQs

What type of property is this?
Hospitality property - 103-Room Hotel, High ROI Potential
Where is the hospitality property located?
The property is located at 7620 Mesa St El Paso, TX.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: 103-room, four-story building with interior corridors.; 18-minute drive to El Paso International Airport (ELP).; 4-minute drive to Sunland Park Mall.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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7620 Mesa St
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