1538 Pawling DrHorizon City, TX 79928

Property Details for 1538 Pawling Dr

Year built

1975

Lot size

6.17 AC

Property size (Sq ft)

19,004 SF

Zone code

C1

Property type

Showrooms

APN

H791-001-0020-0030

APU

H79100100200030

Description

This 3.5-acre commercial land parcel in Horizon City, Texas, presents a unique mixed-use development opportunity. Located at 1538 Pawling Dr, 79928, this fee-simple property is zoned for commercial use and offers significant potential for a variety of projects. The land is priced at $2,100,000, or $13 per square foot, reflecting its prime location near major thoroughfares providing easy access to El Paso and other key areas. The site benefits from its position within a rapidly growing area experiencing significant residential and commercial expansion, creating a strong demand for mixed-use and office spaces. The area boasts excellent demographics, including a high concentration of young families and professionals, ensuring a robust customer base for any development. Proximity to major retailers like Walmart, Lowe's, and Starbucks, along with numerous dining and service options, enhances visibility and convenience. The master-planned community offers ample parking and is designed to support a balanced mix of residential, retail, and office spaces. The property's location near major highways, including I-10, ensures convenient access for businesses and clients. Furthermore, the presence of green spaces and walking paths adds to the attractiveness of the location. This investment offers the flexibility to create a modern flex, mixed-use, or office project tailored to the evolving market demands, promising long-term growth and return on investment in a flourishing community. The property's strategic location and the area's rapid growth make this an exceptional opportunity for developers seeking a high-impact project in a thriving Texas market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,767,999

  6.5%

  $2,555,076

  7%

  $2,372,570

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,968,910

  Geo Method

  $7,968,910

• Alternative Use

  Use

  Valuation

  Residential

  $2,155,302

  Hospitality

  $1,974,245

  Educational

  $1,642,549

  Medical

  $1,699,038

  Retail

  $2,555,076

Location Insight

City

Horizon City

County

El Paso

State

Texas

Latitude

31.6811

Longitude

-106.196

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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