209 Mesa StEl Paso, TX 79901

Property Details for 209 Mesa St

Year built

1917

Lot size

0.22 AC

Property size (Sq ft)

14,290 SF

Zone code

C-5

Property type

Retail space

APN

M473-999-005A-4100

APU

M473999005A4100

Description

This exceptional 35,600 square foot retail property, located at 209 N Mesa St in El Paso, Texas, presents a unique investment opportunity. Situated in the heart of El Paso, within El Paso County and zip code 79901, this property boasts a highly desirable C-4 zoning designation, offering unparalleled versatility for a range of commercial uses. The asking price is $4,000,000, translating to a price per square foot of $112.36. The property's size and zoning permit a multitude of uses, including but not limited to bars, restaurants, and shopping centers. Its prime location in a thriving urban center ensures high visibility and accessibility, attracting a large volume of foot traffic and potential customers. The property's blend of historic charm and modern appeal creates an inviting atmosphere, making it an ideal location for businesses seeking to establish a strong presence in a vibrant and growing community. This is a rare opportunity to acquire a substantial retail space in a highly sought-after area of El Paso, offering significant potential for long-term growth and profitability. The property's strategic location at the crossroads of commerce, culture, and community positions it for success in a dynamic urban environment. This property is ready for a new owner to bring their vision to life.

• CAP approach

  CAP return

  Valuation

  6%

  $2,081,388

  6.5%

  $1,921,282

  7%

  $1,784,047

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,992,197

  Geo Method

  $5,992,197

• Alternative Use

  Use

  Valuation

  Residential

  $1,620,673

  Hospitality

  $1,484,528

  Educational

  $1,235,110

  Medical

  $1,277,587

  Retail

  $1,921,282

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.7589

Longitude

-106.488

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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