1550 Goodyear DrEl Paso, TX 79936

Property Details for 1550 Goodyear Dr

Year built

1996

Construction

WOOD

Lot size

0.46 AC

Property size (Sq ft)

2,915 SF

Zone code

C4

Property type

Medical offices

Property subtype

Medical centers

APN

V893-999-3460-0225

APU

V89399934600225

Description

This exceptional 3,315 square foot mixed-use building, located at 1550 Goodyear Dr. in El Paso, Texas, presents a unique investment opportunity. Situated on a 20,209.28 square foot lot in the desirable C4 zoning district, this Class B property boasts a versatile layout ideal for various uses, including creative office, daycare, or medical office spaces. Built in 1996, the building features several offices and open spaces, approximately 3,315 square feet of office space, plus an additional approximately 400 square feet of warehouse/storage/garage space in the rear. Natural light floods the interior thanks to strategically placed skylights. The property also includes 21 parking spaces, a significant advantage in this area. Its prime location offers easy access to Interstate-10 and the international port of entry, surrounded by thriving businesses. The asking price is $750,000, translating to $226.24 per square foot. Seller financing is available. This property presents a compelling opportunity for investors seeking a versatile and well-located commercial asset in El Paso, Texas. The APN is V89399934600225.

• CAP approach

  CAP return

  Valuation

  6%

  $288,830

  6.5%

  $266,612

  7%

  $247,568

• Comparable approach

  Method

  Valuation

  Relative Method

  $485,056

  Geo Method

  $485,056

• Alternative Use

  Use

  Valuation

  Residential

  $330,599

  Hospitality

  $302,827

  Educational

  $251,949

  Medical

  $260,613

  Retail

  $391,920

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.7486

Longitude

-106.309

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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