201 Mesa StEl Paso, TX 79901

Property Details for 201 Mesa St

Year built

1914

Lot size

0.27 AC

Property size (Sq ft)

35,091 SF

Zone code

C5

Property type

Retail properties

Property subtype

Drug stores

APN

M473-999-005A-0100

APU

M473999005A0100

Description

This exceptional 11,761 square foot office building, situated on a 0.27-acre lot at the hard corner of Mesa Street and Texas Avenue, presents a unique investment opportunity. Built in 1914, this single-tenant property boasts a prominent location in El Paso's vibrant Central submarket, offering excellent visibility and accessibility. The building comprises approximately 11,100 square feet on the first floor, 9,900 square feet on the second floor, and an additional 14,091 square feet in the basement, totaling approximately 35,091 square feet. The property features 98 feet of frontage on N Mesa Street and benefits from a signalized traffic light at the intersection. Its C5 H zoning allows for a variety of uses. The strategic location offers unparalleled access to key area attractions, including San Jacinto Plaza, El Paso Museum of Art, Southwest University Park, and numerous theaters and entertainment venues. Furthermore, its proximity to City Hall, the streetcar route, bus stops, hotels, restaurants, banks, and parking options enhances its appeal. The property is conveniently located approximately 13.6 miles from El Paso International Airport. This exceptional property is offered at $4,000,000.

• CAP approach

  CAP return

  Valuation

  6%

  $5,111,126

  6.5%

  $4,717,962

  7%

  $4,380,966

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,714,639

  Geo Method

  $14,714,639

• Alternative Use

  Use

  Valuation

  Residential

  $3,979,778

  Hospitality

  $3,645,455

  Educational

  $3,032,976

  Medical

  $3,137,285

  Retail

  $4,717,962

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.7588

Longitude

-106.488

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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