5050 Desert BlvdEl Paso, TX 79912

Property Details for 5050 Desert Blvd

Year built

2007

Lot size

2.91 AC

Property size (Sq ft)

9,702 SF

Zone code

C3

Property type

Banks

APN

S907-999-0010-0180

APU

S90799900100180

Description

This exceptional 40,392 square foot commercial land parcel presents a unique investment opportunity in El Paso, Texas. Located at 5050 N Desert Blvd, in the 79912 zip code, this property boasts a highly desirable west side location, offering convenient access to Interstate 10 via a dedicated drive off the access road and Bartlett Drive. Its strategic placement adjacent to First Light Federal Credit Union and Salt Grass Steakhouse ensures high visibility and foot traffic. The area is thriving, surrounded by numerous national and regional retailers, creating a robust commercial environment. Zoned C-3 SC, this paved lot, complete with medians, is perfectly suited for a variety of commercial developments, including office or medical office spaces. The property's proximity to Downtown El Paso (ten minutes away), the University of Texas at El Paso (UTEP), and major hospitals further enhances its appeal. This excess land from First Light Federal Credit Union offers excellent demographics and presents a compelling opportunity for investors seeking a prime location for commercial development in a rapidly growing area of El Paso. The asking price for this exceptional property is $625,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,095,740

  6.5%

  $1,011,450

  7%

  $939,207

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,678,990

  Geo Method

  $1,678,990

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,967,790

  Mixed-Use / Specialty

  $1,009,730

  Hospitality / Lodging

  $743,247

  Office

  $1,005,680

  Institutional / Educational

  $1,050,380

  Residential Income

  $1,228,940

  Multifamily

  $1,463,520

  Automotive / Energy

  $900,324

  Parking / Income-Based Land

  $308,837

  Restaurant / Food Service

  $529,171

  Healthcare / Senior Housing

  $1,033,530

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.8424

Longitude

-106.569

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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