6845 2Nd StCanutillo, TX 79835

Property Details for 6845 2Nd St

Year built

1966

Construction

WOOD

Lot size

0.07 AC

Property size (Sq ft)

567 SF

Property type

Commercial real estate

APN

C100-000-0000-003H

APU

C1000000000003H

Description

This exceptional 0.89-acre commercial property in Canutillo, Texas, presents a remarkable investment opportunity. Situated on a highly desirable corner lot at 6845 2nd Street, this property offers unparalleled visibility and accessibility, making it ideal for a wide range of commercial ventures. Currently featuring a home and studio, along with expansive living areas and a unique landscape including over 200 pomegranate trees, the property provides immediate income potential while offering significant development possibilities. The spacious lot allows for the creation of multi-unit dwellings, such as apartments or duplexes, catering to the growing demand for housing in the area. Its strategic location near I-10 and Doniphan Drive ensures convenient access to major transportation routes, enhancing its appeal to both businesses and residents. The vibrant Canutillo community boasts nearby amenities, including parks, schools, and shopping centers, contributing to a desirable lifestyle. This property's combination of existing structures, ample space, and prime location makes it a truly exceptional investment, ready for an entrepreneur's vision to transform it into a thriving commercial enterprise. The property is priced at $440,000.

• CAP approach

  CAP return

  Valuation

  6%

  $63,671.40

  6.5%

  $58,773.60

  7%

  $54,575.50

• Comparable approach

  Method

  Valuation

  Relative Method

  $94,348.80

  Geo Method

  $94,348.80

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $115,001

  Retail / Commercial

  $59,111

  Mixed-Use / Specialty

  $59,009.90

  Hospitality / Lodging

  $43,436.50

  Office

  $58,773.60

  Institutional / Educational

  $61,385.70

  Residential Income

  $71,821.30

  Multifamily

  $85,530.50

  Automotive / Energy

  $52,616.30

  Parking / Income-Based Land

  $18,048.90

  Restaurant / Food Service

  $30,925.60

  Healthcare / Senior Housing

  $60,401.10

Location Insight

City

Canutillo

County

El Paso

State

Texas

Latitude

31.9077

Longitude

-106.598

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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