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501 S El Paso St
El Paso, TX 79901
Retail Property For Sale
Investment Highlights
- High foot traffic
- Paisano Dr & S. El Paso Street Corner
- Remodeled Building (1st and Basement Completed, 2nd - Plans Ready)
Executive Summary
Recently remodeled and ready for immediate use, this versatile property is ideal for retail, office, or storage/warehouse purposes. Featuring bright, clean interiors and a functional layout, the space can easily be adapted to suit a variety of business needs. A solid opportunity for buyers seeking a modern, well-maintained property in a convenient location. Permits approved and ready to rehab. Current permits allow for main floor for retail / office space, with access to a basement with good height ceilings; second floor has been designed for ''shared offices'' with 4 offices, 1 conference room, bathrooms and a kitchen area. In addition to these, screen for signage and advertising opportunities. Call for details and marketing package. Now available for sale.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,622 SF
Building Class
C
Year Built/Renovated
1920/2025
Price
$1,150,000
Price Per SF
$173.66
Cap Rate
9.66%
NOI
$111,037
Percent Leased
47%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.90
Lot Size
0.08 AC
Zoning
C4 - Commercial
Frontage
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | C050-999-1330-3700 | Improvements Assessment | $215,936 |
| Land Assessment | $222,976 | Total Assessment | $438,912 |
Property Taxes
Parcel Number
C050-999-1330-3700
Land Assessment
$222,976
Improvements Assessment
$215,936
Total Assessment
$438,912
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