2022 Murchison DrEl Paso, TX 79902

  • Commercial real estate
  • 18,380 SF
For Sale
$2,990,000 View listing

Property Details for 2022 Murchison Dr

Year built
1980
Lot size
0.62 AC
Property size (Sq ft)
18,380 SF
Zone code
AOS
Property type
Commercial real estate
APN
H453-999-0170-6700
APU
H45399901706700

Description

This exceptional mixed-use property, located at 2022 Murchison Dr, El Paso, TX 79902, presents a unique investment opportunity. The 14,285 square foot building sits on a 27,000 square foot lot and offers a blend of executive, medical, and traditional office spaces, making it ideal for a variety of uses. Priced at $2,990,000, this translates to $209.31 per square foot. The building boasts 69 total parking spaces, including 38 convenient covered spaces located underground. Its prime location in central El Paso offers easy access to I-10 and places it adjacent to the Hospitals of Providence Sierra Campus, ensuring high visibility and accessibility. The move-in ready spaces are perfect for medical professionals, dentists, or other office tenants. This property represents a strong investment in a thriving El Paso location. The building's size and ample parking make it a highly desirable asset in a competitive market. The combination of its central location, convenient amenities, and versatile space makes this a compelling opportunity for discerning investors.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,084,532
    Hospitality
    $1,909,420
    Educational
    $1,588,615
    Medical
    $1,643,250
    Retail
    $2,471,179

Location Insight

City
El Paso
County
El Paso
State
Texas
Latitude
31.783
Longitude
-106.474
CBSA code
21340
CBSA name
EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$45,710
$128,250
$1,524,191
$1,652,441
-
$128,250
$1,524,191
$1,652,441

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