111 Concepcion StEl Paso, TX 79905

Property Details for 111 Concepcion St

Year built

1975

Lot size

0.34 AC

Property size (Sq ft)

3,750 SF

Zone code

C4

Property type

Other commercial real estate

Property subtype

Showrooms

APN

V088-999-0060-8800

APU

V08899900608800

Description

This exceptional 3,750-square-foot industrial property, located at 111 S Concepcion St in El Paso, Texas, presents a unique investment or owner-occupancy opportunity. Built in 1975, this single-story, stand-alone warehouse sits on a 0.34-acre lot and is zoned SCZ T6. The building features one loading dock and one dock-high door, making it ideal for efficient loading and unloading. Its flexible design, suitable for flex, R&D, or warehouse uses, allows for diverse operational possibilities. The property's convenient location offers proximity to major employers, including the University Medical Center of El Paso and the Texas Tech University Health Sciences Center Paul L. Foster School of Medicine, enhancing its appeal and potential for future growth. The single-tenancy setup provides ease of management and control. Dedicated parking spaces are available, adding to the property's overall convenience. This property presents a compelling opportunity for conversion to medical or other commercial uses, given its strategic location near prominent healthcare institutions. The gross lease structure simplifies financial management. The property's strong location and versatile design make it an attractive option for a wide range of businesses. This is a rare opportunity to acquire a well-situated, functional industrial space in a thriving El Paso neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $546,201

  6.5%

  $504,185

  7%

  $468,172

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,572,480

  Geo Method

  $1,572,480

• Alternative Use

  Use

  Valuation

  Residential

  $425,299

  Hospitality

  $389,572

  Educational

  $324,119

  Medical

  $335,266

  Retail

  $504,185

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.7691

Longitude

-106.432

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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