508 El Paso StEl Paso, TX 79901

Property Details for 508 El Paso St

Year built

1910

Lot size

0.06 AC

Property size (Sq ft)

2,640 SF

Zone code

C-4

Property type

Retail space

APN

C050-999-1340-7300

APU

C05099913407300

Description

This exceptional 2,640 square foot retail storefront is ideally situated in El Paso's central business district, ensuring high visibility and pedestrian traffic. The single-tenant occupancy provides flexibility and control, making it perfect for a variety of businesses. Its prime location offers unparalleled access to a large customer base, further enhanced by its close proximity to the international bridge, attracting both local and cross-border clientele. The property consists of a single, one-story building, providing convenient and efficient use of space. This retail space presents a unique opportunity for businesses seeking a prominent location with strong foot traffic in a vibrant and dynamic urban core. The property's strategic placement within the CBD guarantees significant exposure and accessibility, making it an attractive investment for businesses aiming to establish a strong presence in the El Paso market. The single-tenant structure simplifies management and allows for customized interior design to perfectly suit the tenant's needs. Don't miss this chance to secure a thriving retail location in a high-demand area. This property offers a blend of convenience, visibility, and accessibility, making it an exceptional opportunity for a discerning business owner.

• CAP approach

  CAP return

  Valuation

  6%

  $298,161

  6.5%

  $275,226

  7%

  $255,567

• Comparable approach

  Method

  Valuation

  Relative Method

  $456,868

  Geo Method

  $456,868

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $535,453

  Mixed-Use / Specialty

  $274,755

  Hospitality / Lodging

  $202,244

  Office

  $273,655

  Institutional / Educational

  $285,817

  Residential Income

  $334,406

  Multifamily

  $398,237

  Automotive / Energy

  $244,986

  Parking / Income-Based Land

  $84,037.20

  Restaurant / Food Service

  $143,992

  Healthcare / Senior Housing

  $281,233

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.7548

Longitude

-106.488

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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