2331 Magoffin Ave El Paso, TX 79901

This exceptional El Paso commercial property, located at 2331 Magoffin Ave, offers a unique blend of income-generating assets. The 9,586 square foot building sits on a single story and is zoned C4, providing significant flexibility for future development or expansion. Currently, the property comprises two thriving retail storefronts: a church (800 sq ft, generating $680 monthly rent) and a jean shop (1,400 sq ft, generating $1,700 monthly rent). Adding to the diverse income stream are three 2-bedroom, 1-bathroom apartments, collectively generating $3,330 in monthly rent. A significant portion of the property consists of a newly updated, vacant 3,340 square foot warehouse/shop space with an office, presenting a prime opportunity for an owner-user or additional rental income. The property boasts convenient access to I-10, Loop 375, and the El Paso/Juarez border, enhancing its appeal and potential for growth. The asking price is $699,000, representing a price per square foot of $72.92. With a potential net operating income of $91,780, this property presents a compelling investment opportunity for both owner-users and investors seeking a diversified portfolio with strong rental income and significant upside potential. The property is offered at 100% ownership.