690 Fm 259Canutillo, TX 79835

Property Details for 690 Fm 259

Year built

1994

Lot size

0.62 AC

Property size (Sq ft)

1,228 SF

Zone code

NZ

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

U819-000-017K-1225

APU

U819000017K1225

Description

This exceptional investment opportunity presents a well-established and highly profitable country mini-mart situated on a 0.62-acre corner lot in Canutillo, Texas, at 690 FM259. The property boasts a substantial building including a fully equipped commercial kitchen, ample shelving, and a convenient drive-thru window. The mini-mart is equipped with two walk-in beer and drink refrigerators, and benefits from existing permits for the sale of beer and wine, cigarettes, and Texas Lottery tickets. A propane gas license is also in place. The property includes a secure metal front door and various fixtures. A substantial metal warehouse measuring 25' x 60' provides ample storage space, complemented by an additional 20' x 15' structure ideal for hay, animal feed, and grain storage. The prime corner lot location ensures high visibility and traffic exposure. A portion of the lot is currently leased to a plant nursery, generating supplemental income for the owner. Furthermore, a solar panel lease is in place and is assumable by the new owner, offering potential cost savings on energy expenses. This turnkey operation presents a rare opportunity to acquire a profitable business with significant growth potential in a desirable location. The asking price for this exceptional property is $950,000.

• CAP approach

  CAP return

  Valuation

  6%

  $178,862

  6.5%

  $165,104

  7%

  $153,311

• Comparable approach

  Method

  Valuation

  Relative Method

  $514,935

  Geo Method

  $514,935

• Alternative Use

  Use

  Valuation

  Residential

  $139,271

  Hospitality

  $127,572

  Educational

  $106,138

  Medical

  $109,788

  Retail

  $165,104

Location Insight

City

Canutillo

County

El Paso

State

Texas

Latitude

31.9155

Longitude

-106.613

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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