1921 Zaragoza RdEl Paso, TX 79938

Property Details for 1921 Zaragoza Rd

Year built

2007

Construction

WOOD

Lot size

1.00 AC

Property size (Sq ft)

5,066 SF

Zone code

C4S

Property type

Turn key restaurants

APN

E350-999-001B-0600

APU

E350999001B0600

Description

This exceptional single-tenant retail property, known as El Mercado Plaza, presents a unique investment opportunity in the vibrant El Paso, Texas market. Located at 1921 N Zaragoza Rd, zip code 79938, this property boasts a substantial 4,998 square feet of retail space, currently entirely vacant and ready for immediate occupancy. The building sits on a generous 86,074.75 square foot lot, offering ample space for potential expansion or outdoor amenities. The property's classification is Retail, specifically a Shopping Center, making it ideal for a variety of businesses. Its location in El Paso County provides access to a thriving consumer base and excellent visibility along N Zaragoza Rd. The entire 4,998 square feet is available for lease, presenting a blank canvas for a prospective tenant to create their ideal retail space. This is a rare opportunity to secure a sizable, well-located retail property in a growing Texas market. The property's size and location make it an attractive option for businesses seeking high visibility and ample space to operate. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. Interested parties are encouraged to inquire further to explore the possibilities this prime retail location offers.

• CAP approach

  CAP return

  Valuation

  6%

  $572,153

  6.5%

  $528,141

  7%

  $490,417

• Comparable approach

  Method

  Valuation

  Relative Method

  $876,702

  Geo Method

  $876,702

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,027,500

  Mixed-Use / Specialty

  $527,238

  Hospitality / Lodging

  $388,094

  Office

  $525,127

  Institutional / Educational

  $548,466

  Residential Income

  $641,705

  Multifamily

  $764,193

  Automotive / Energy

  $470,113

  Parking / Income-Based Land

  $161,262

  Restaurant / Food Service

  $276,312

  Healthcare / Senior Housing

  $539,668

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.7646

Longitude

-106.267

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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