10401 Alameda AveSocorro, TX 79927

Property Details for 10401 Alameda Ave

Year built

2014

Lot size

3.11 AC

Property size (Sq ft)

3,486 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

S533-000-0080-29F0

APU

S533000008029F0

Description

This exceptional 1.19-acre commercial land parcel presents a unique investment opportunity in Socorro, Texas. Located at 10401 Alameda Ave, this single-tenant property offers significant potential for development within El Paso County. The expansive lot size provides ample space for a variety of commercial ventures, catering to diverse business needs. Situated in the vibrant community of Socorro, this property benefits from convenient access to key transportation routes and a growing local economy. The address is precisely 10401 Alameda Ave, Socorro, TX 79927, offering easy identification and accessibility. With its prime location and substantial acreage, this land parcel represents a compelling investment prospect for those seeking to establish a new business or expand existing operations. The property is classified as commercial land with a single-tenant designation, indicating its suitability for a variety of development projects. The absence of existing buildings allows for complete design flexibility, enabling the construction of a structure perfectly tailored to specific business requirements. This presents a rare opportunity to create a bespoke commercial space in a thriving Texas community. The property's geographical coordinates are 31.6527465 latitude and -106.2883715 longitude, providing precise location data for mapping and planning purposes. This is a blank canvas for your commercial vision in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $507,748

  6.5%

  $468,690

  7%

  $435,213

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,461,777

  Geo Method

  $1,461,777

• Alternative Use

  Use

  Valuation

  Residential

  $395,358

  Hospitality

  $362,146

  Educational

  $301,301

  Medical

  $311,663

  Retail

  $468,690

Location Insight

City

Socorro

County

El Paso

State

Texas

Latitude

31.6529

Longitude

-106.288

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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