12311 Montana AveEl Paso, TX 79938

Property Details for 12311 Montana Ave

Year built

2017

Lot size

10.75 AC

Property size (Sq ft)

18,200 SF

Zone code

C4

Property type

Commercial real estate

APN

H325-999-0010-0200

APU

H32599900100200

Description

This exceptional retail opportunity is located within Gran Plaza Shops, a vibrant new shopping center in El Paso, Texas, built in 2018. Situated at 12311 Montana Ave, this prime location boasts excellent visibility and accessibility from Montana Ave, Loop 375, and Rich Beem. The property features multiple storefront spaces, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 1,500 square feet. The entire lot encompasses 760,668 square feet, zoned C4 in El Paso County. This thriving retail center benefits from its proximity to major retailers such as Walmart Supercenter and Lowe's Home Improvement, as well as other established businesses including Chase Bank, Taco Bell, Whataburger, Cinemark, and Famous Dave's. Current tenants include Pocket's and a Chevron gas station and convenience store, establishing a strong foundation for future success. This is an ideal location for businesses seeking high foot traffic and exposure in one of El Paso's fastest-growing areas. The property offers a unique opportunity to establish a presence in a well-established and rapidly expanding retail environment. Seven spaces are currently available. Zip code: 79938.

• CAP approach

  CAP return

  Valuation

  6%

  $2,043,770

  6.5%

  $1,886,560

  7%

  $1,751,810

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,028,480

  Geo Method

  $3,028,480

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,691,380

  Retail / Commercial

  $1,897,390

  Mixed-Use / Specialty

  $1,894,150

  Hospitality / Lodging

  $1,394,260

  Office

  $1,886,560

  Institutional / Educational

  $1,970,410

  Residential Income

  $2,305,370

  Multifamily

  $2,745,420

  Automotive / Energy

  $1,688,920

  Parking / Income-Based Land

  $579,347

  Restaurant / Food Service

  $992,673

  Healthcare / Senior Housing

  $1,938,800

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.8089

Longitude

-106.258

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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