4935 Mesa StEl Paso, TX 79912

Property Details for 4935 Mesa St

Year built

2013

Property size (Sq ft)

4,027 SF

Property type

Commercial real estate

APN

M649-999-0010-0151

APU

M64999900100151

Description

This 3,500 square foot restaurant/bar located at 4935 N Mesa St, Suite 1, El Paso, TX 79912, sits on 1.8 acres within the Montecillo master-planned community. The property boasts a prime location in a thriving commercial corridor, offering excellent visibility and accessibility. This single-tenant space is zoned C3 and features a large outdoor patio, ideal for a bar or restaurant. The building is part of a unique seven-building cluster surrounding a central gathering area, with a portion constructed from repurposed shipping containers. The property benefits from high pedestrian and vehicular traffic, and its proximity to residential areas, apartments, other restaurants, a movie theater, fitness center, wellness facilities, an event center, resort pool, and professional offices ensures a strong customer base. The previous tenant operated a restaurant/bar. This versatile space is suitable for a variety of uses, including bar, retail, or office space, and offers significant potential for a new business. The property fronts N. Mesa St.

• CAP approach

  CAP return

  Valuation

  6%

  $452,213

  6.5%

  $417,427

  7%

  $387,611

• Comparable approach

  Method

  Valuation

  Relative Method

  $670,093

  Geo Method

  $670,093

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $816,768

  Retail / Commercial

  $419,823

  Mixed-Use / Specialty

  $419,106

  Hospitality / Lodging

  $308,499

  Office

  $417,427

  Institutional / Educational

  $435,979

  Residential Income

  $510,096

  Multifamily

  $607,463

  Automotive / Energy

  $373,697

  Parking / Income-Based Land

  $128,188

  Restaurant / Food Service

  $219,643

  Healthcare / Senior Housing

  $428,986

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.8102

Longitude

-106.512

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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