8409 Dyer StEl Paso, TX 79904

  • Commercial real estate
  • 5,081 SF
For Sale
$2,200,000 View listing

Property Details for 8409 Dyer St

Year built
1957
Lot size
1.10 AC
Property size (Sq ft)
5,081 SF
Zone code
C3
Property type
Commercial real estate
APN
S401-999-0020-0100
APU
S40199900200100

Description

This exceptional investment opportunity presents a well-established Mexican restaurant in Northeast El Paso, Texas. The property, located at 8409 Dyer St, boasts a rich 65-year history and a loyal customer base, making it a turnkey operation ready for immediate ownership. The main building encompasses 5,881 square feet, situated on a spacious 1.1-acre lot, providing ample space for dining and operations. A secondary 800-square-foot building, currently leased, generates additional income. The property features two buildings on a single story, built in 1957, and is zoned C3. The asking price is $2,200,000. This prime location in a high-traffic area offers significant growth potential, making it an attractive investment for owner-users seeking a stable and profitable business. The property's APN is S40199900200100. This is a 100% ownership opportunity. The property's address is 8409 Dyer St, El Paso, TX 79904.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $570,572
    6.5%
    $526,682
    7%
    $489,062
  • Comparable approach

    Method
    Valuation
    Relative Method
    $845,478
    Geo Method
    $845,478
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,030,540
    Retail / Commercial
    $529,705
    Mixed-Use / Specialty
    $528,800
    Hospitality / Lodging
    $389,243
    Office
    $526,682
    Institutional / Educational
    $550,090
    Residential Income
    $643,605
    Multifamily
    $766,456
    Automotive / Energy
    $471,505
    Parking / Income-Based Land
    $161,740
    Restaurant / Food Service
    $277,130
    Healthcare / Senior Housing
    $541,266

Location Insight

City
El Paso
County
El Paso
State
Texas
Latitude
31.8574
Longitude
-106.437
CBSA code
21340
CBSA name
EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$13,898
$208,568
$293,852
$502,420
-
$208,568
$293,852
$502,420

FAQs

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