416 Stanton StEl Paso, TX 79901

Property Details for 416 Stanton St

Year built

1907

Lot size

0.88 AC

Property size (Sq ft)

8,566 SF

Zone code

C-5

Property type

Commercial real estate

APN

M473-999-0090-0100

APU

M47399900900100

Description

This exceptional seven-story mixed-use office building, located in the heart of Downtown El Paso, Texas, presents a unique investment or owner-user opportunity. Boasting a total of 77,930 square feet, the building is strategically situated between Stanton and Kansas Streets on Franklin Avenue. A significant portion of the building is currently occupied by PNC Bank and the El Paso Fire Department, providing strong existing tenancy. The first floor east wing, encompassing 7,930 square feet, is currently vacant, offering immediate potential for expansion or lease. Adding to its appeal, this property includes two additional lots across the street on Campbell Street, providing a substantial 245 additional parking spaces, bringing the total parking capacity to 279 spots. The building's prime downtown location, combined with its substantial size and ample parking, makes it an attractive proposition for a variety of businesses and investors. The building's diverse office space can accommodate creative, executive, and traditional office needs. This is a rare opportunity to acquire a significant commercial property in a thriving Texas city. The property's size, location, and existing tenancy make it an ideal investment or owner-user opportunity. The additional parking lots significantly enhance the property's value and appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $961,921

  6.5%

  $887,927

  7%

  $824,503

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,425,380

  Geo Method

  $1,425,380

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,737,380

  Retail / Commercial

  $893,024

  Mixed-Use / Specialty

  $891,497

  Hospitality / Lodging

  $656,220

  Office

  $887,927

  Institutional / Educational

  $927,390

  Residential Income

  $1,085,050

  Multifamily

  $1,292,160

  Automotive / Energy

  $794,906

  Parking / Income-Based Land

  $272,675

  Restaurant / Food Service

  $467,211

  Healthcare / Senior Housing

  $912,514

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.7616

Longitude

-106.488

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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