10600 Loop DrSocorro, TX 79927

Property Details for 10600 Loop Dr

Year built

2000

Construction

CONCRETE BLOCKS

Lot size

1.90 AC

Property size (Sq ft)

17,400 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

H787-000-0010-0325

APU

H78700000100325

Description

Fiesta Mercado is a thriving 195,712-square-foot shopping center in Socorro, Texas, a rapidly growing El Paso suburb. Boasting 97% occupancy, this multi-tenant property features 37 units across five one-story buildings constructed between 1993 and 2003, with renovations completed in 2017/2018. The center is anchored by Food King and includes a diverse mix of national tenants such as Dollar Tree, Family Dollar, Pizza Hut, NAPA Auto Parts, and several others, totaling 35 tenants. Situated on 21.23 acres of land zoned C-2, Fiesta Mercado offers significant upside potential. Its prime location near major highways and residential areas ensures high visibility and accessibility. The property benefits from its proximity to substantial recent and planned commercial, residential, and industrial development within a three-mile radius, exceeding 5,000,000 square feet of new inventory in the last four years. The existing center provides a strong foundation for future growth, with approximately 182,764 square feet of developable land offering opportunities for expansion or pad site development. Current below-market rents present a significant opportunity for increased revenue through rent escalation. This grocery-anchored regional center serves a large customer base in Socorro and the greater El Paso area, making it an attractive investment opportunity in a dynamic and expanding market.

Location Insight

City

Socorro

County

El Paso

State

Texas

Latitude

31.654

Longitude

-106.271

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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