1001 Carolina DrEl Paso, TX 79915

Property Details for 1001 Carolina Dr

Year built

1974

Lot size

2.06 AC

Property size (Sq ft)

25,090 SF

Zone code

C1

Property type

Strip malls

Property subtype

Neighborhood centers

APN

S029-999-0330-5000

APU

S02999903305000

Description

This exceptional retail opportunity presents itself in the form of the Bel Air Shopping Center, a single-story, 25,025 square foot building located at 1001 N Carolina Dr, El Paso, TX 79915. The property is zoned C-1 and features six suites in total, with one 7,321 square foot space currently available for lease. Situated on North Carolina Drive, the center benefits from high traffic volume due to its proximity to the busy intersection with Yarbrough Drive. This advantageous location is surrounded by well-established residential neighborhoods, ensuring a consistent flow of potential customers. The building's single-story design offers convenient access and ample visibility for businesses. This is an ideal location for retailers seeking a strong presence in a thriving El Paso community. The property's multiple-tenancy structure provides a diverse and vibrant shopping environment. Further details regarding lease terms and available space are readily accessible upon request. This is a rare opportunity to secure a prime retail space in a high-traffic area of El Paso.

• CAP approach

  CAP return

  Valuation

  6%

  $2,833,660

  6.5%

  $2,615,690

  7%

  $2,428,850

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,341,980

  Geo Method

  $4,341,980

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,088,830

  Mixed-Use / Specialty

  $2,611,210

  Hospitality / Lodging

  $1,922,080

  Office

  $2,600,760

  Institutional / Educational

  $2,716,350

  Residential Income

  $3,178,120

  Multifamily

  $3,784,760

  Automotive / Energy

  $2,328,300

  Parking / Income-Based Land

  $798,671

  Restaurant / Food Service

  $1,368,470

  Healthcare / Senior Housing

  $2,672,770

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.7399

Longitude

-106.348

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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