457 Horizon BlvdSocorro, TX 79927

Property Details for 457 Horizon Blvd

Year built

1960

Lot size

0.12 AC

Property size (Sq ft)

1,448 SF

Property type

Retail properties

Property subtype

Retail space

APN

E600-000-0002-0030

APU

E60000000020030

Description

This exceptional 0.12-acre commercial property at 457 Horizon Boulevard in Socorro, Texas, presents a unique investment opportunity. Located on Horizon Boulevard with convenient proximity to the North Loop, this C3-zoned building offers significant flexibility for a wide range of business uses. Previously operating as both a restaurant and a cell phone repair shop, the property features two distinct rental spaces, each ready for immediate occupancy. The adaptable layout allows for diverse business models, providing the potential for both on-site operation and rental income generation. The property's strategic location and versatile design make it an ideal choice for entrepreneurs seeking a high-return investment. The building's history as a successful restaurant and repair shop demonstrates its proven ability to attract customers and generate revenue. This is not a residential property

• CAP approach

  CAP return

  Valuation

  6%

  $210,906

  6.5%

  $194,683

  7%

  $180,777

• Comparable approach

  Method

  Valuation

  Relative Method

  $607,187

  Geo Method

  $607,187

• Alternative Use

  Use

  Valuation

  Residential

  $164,222

  Hospitality

  $150,427

  Educational

  $125,153

  Medical

  $129,457

  Retail

  $194,683

Location Insight

City

Socorro

County

El Paso

State

Texas

Latitude

31.6512

Longitude

-106.273

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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