2519 Piedras StEl Paso, TX 79930

Property Details for 2519 Piedras St

Year built

1930

Construction

WOOD

Lot size

0.07 AC

Property size (Sq ft)

880 SF

Zone code

C2

Property type

Turn key restaurants

APN

H453-999-1190-4500

APU

H45399911904500

Description

This exceptional investment opportunity presents a 1,056-square-foot Quick Service Restaurant/Fast Food property located at 2519 N Piedras St, El Paso, Texas, 79930. The property sits on a 0.068-acre lot and is zoned C-3. The single-story building is currently leased under an Absolute NNN lease to a well-established local restaurant, Papa Eric's Burgers, which opened in 2008. The lease has a remaining term of approximately 2.4 years, expiring May 1, 2027. This presents a low-maintenance investment with no landlord responsibilities. The property enjoys a central El Paso location with excellent visibility from Piedras Street and is conveniently situated near Austin High School, benefiting from high foot traffic and strong local demographics. This is a single-tenant property offering a stable income stream with a proven tenant history. The property's strong location and lease terms make it an attractive investment for those seeking a low-risk, high-return opportunity in the thriving El Paso market.

• CAP approach

  CAP return

  Valuation

  6%

  $99,387

  6.5%

  $91,741.90

  7%

  $85,188.90

• Comparable approach

  Method

  Valuation

  Relative Method

  $152,289

  Geo Method

  $152,289

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $178,484

  Mixed-Use / Specialty

  $91,585

  Hospitality / Lodging

  $67,414.70

  Office

  $91,218.30

  Institutional / Educational

  $95,272.40

  Residential Income

  $111,469

  Multifamily

  $132,746

  Automotive / Energy

  $81,662

  Parking / Income-Based Land

  $28,012.40

  Restaurant / Food Service

  $47,997.40

  Healthcare / Senior Housing

  $93,744.20

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.7994

Longitude

-106.462

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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