1300 Murchison DrEl Paso, TX 79902

Property Details for 1300 Murchison Dr

Year built

1990

Lot size

2.50 AC

Property size (Sq ft)

17,282 SF

Zone code

AOC

Property type

Commercial real estate

APN

P884-999-0010-0150

APU

P88499900100150

Description

This exceptional three-story medical office building, located at 1300 Murchison Drive in El Paso, Texas, 79902, offers a prime opportunity for medical professionals seeking flexible and modern workspace. The building totals 4,415 square feet and is currently 100% vacant, presenting a unique chance to establish a thriving practice in a highly desirable location. Multiple suites are available, ranging in size from a minimum of 137 square feet to a maximum contiguous space of 2,880 square feet, catering to a variety of practice sizes and needs. The building's design is well-suited for medical use, offering ample space for examination rooms, waiting areas, and administrative offices. The property's convenient location in El Paso provides easy access for patients and staff, with excellent visibility and ample parking. This is an exceptional opportunity to secure a well-appointed medical office space in a thriving Texas city. The entire building is available for lease, allowing for a single tenant to occupy the entire space, or multiple tenants can lease individual suites to suit their specific requirements. Interested parties are encouraged to inquire about lease terms and availability. The property is situated at 31.7781732 latitude and -106.4863726 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $1,940,690

  6.5%

  $1,791,400

  7%

  $1,663,440

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,875,720

  Geo Method

  $2,875,720

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,505,190

  Retail / Commercial

  $1,801,690

  Mixed-Use / Specialty

  $1,798,610

  Hospitality / Lodging

  $1,323,930

  Office

  $1,791,400

  Institutional / Educational

  $1,871,020

  Residential Income

  $2,189,090

  Multifamily

  $2,606,950

  Automotive / Energy

  $1,603,730

  Parking / Income-Based Land

  $550,125

  Restaurant / Food Service

  $942,603

  Healthcare / Senior Housing

  $1,841,010

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.7782

Longitude

-106.486

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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