9709 Alameda AveSocorro, TX 79927

Property Details for 9709 Alameda Ave

Year built

1999

Lot size

4.85 AC

Property size (Sq ft)

1,067 SF

Zone code

M-2

Property type

Retail properties

Property subtype

Gas stations

APN

P731-999-0010-1300

APU

P73199900101300

Description

This exceptional ±4.85-acre industrial property, located at 9709 Alameda Avenue in Socorro, Texas, presents a unique investment opportunity. The property boasts a main building of 1,067 square feet, complemented by substantial shed space totaling 3,720 square feet, and an additional 576 square feet of enclosed storage. Constructed in 1999, the main building features durable concrete masonry construction. The property is fully fenced and includes two convenient gates for easy access. The zoning is designated M-2 (Heavy Industrial), allowing for a wide range of industrial uses. Benefitting from high traffic counts, the property enjoys excellent visibility and accessibility. Alameda Avenue (State Highway 20) sees an average daily traffic count of 24,113 vehicles, while Loop 375 registers 61,359 vehicles per day (Source: Texas Department of Transportation, AADT 2022). Strategic location advantages include proximity to major transportation arteries: approximately 2.5 miles to Interstate 10, 2.0 miles to the Zaragoza/Ysleta Port of Entry, and 0.5 miles to Loop 375. This property is currently vacant, offering immediate occupancy and flexibility for the new owner. The asking price for this versatile industrial property is $1,100,000. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $155,412

  6.5%

  $143,457

  7%

  $133,211

• Comparable approach

  Method

  Valuation

  Relative Method

  $447,423

  Geo Method

  $447,423

• Alternative Use

  Use

  Valuation

  Residential

  $121,012

  Hospitality

  $110,846

  Educational

  $92,223

  Medical

  $95,394

  Retail

  $143,457

Location Insight

City

Socorro

County

El Paso

State

Texas

Latitude

31.6755

Longitude

-106.305

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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