For Sale
$799,950

7505 Lockheed DrEl Paso, TX 79925

7,952 SF Office Building, High Visibility

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 7,952 square foot traditional office building located at 7505 Lockheed Dr, El Paso, TX 79925. The property, built in 1984, sits on a 0.71-acre lot (30,740 sq ft) and boasts a C2 zoning designation, offering versatility for various business uses. Currently, three of the four separately metered units generate rental income. The building features ample parking (36+ spaces) and enjoys high visibility due to its location on Montana Ave, ensuring increased customer traffic. Its strategic location provides easy access to I-10 and US Highway 54 (Patriot Freeway), proximity to Fort Bliss and the El Paso International Airport, contributing to a stable and appreciating property value. The asking price is $799,950, with a price per square foot of $106.89. Owner financing options are available. The property includes a long-term land lease with the El Paso International Airport extending until 2069. This makes it an ideal location for a medical facility, given the ample parking and existing tenants. The property's individual utility metering ensures cost efficiency for both owner and tenants. High potential for growth and rental income expansion exists due to the versatile spaces suitable for various businesses and the high demand for this convenient and strategic location. The APN is E378-999-0070-5050.

Highlights

  • 0.71-acre lot.
  • 7,952 square foot building.
  • C2 zoning.
  • El Paso International Airport land lease expiring in 2069.
  • Suitable for medical facility conversion.
  • 36+ parking spaces.

Property Details for 7505 Lockheed Dr

Property type
Office properties
Square Feet
7,952 SF
Year Built
1984

Location Insight

City
El Paso
County
El Paso
State
Texas
Latitude
31.79105537
Longitude
-106.38775563
7505 Lockheed Dr, El Paso, Texas

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7505 Lockheed Dr
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