Historic Building for Lease or Sale

Retail-Commercial for Sale
Catylist Listing ID: 30653252
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 21,080 SF
Gross Building Area: See Agent
Gross Land Area: 0.62 Acres
Sale Price: $2,500,000
Unit Price: $118.60 PSF
Property Use Type: Investment
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/20/2021

Overview / Comments

This 2 story historic building for lease in El Paso's thriving Downtown
District. This beautiful building can serve as a warehouse or
can be converted into offices, galleria, restaurant, museum and
even used for public and private events or a mix of uses.

The El Paso Laundry and Cleaners Company was established
in 1891 and moved to this site in 1897, Strategically located
along-side the Rio Grande just a few hundred yards from the
streets of Ciudad Juarez, the company played an interesting
role in several international events, including the 1909 meeting
between President William Howard Taft and Porfirio Diaz. When
Diaz crossed the Santa Fe Bridge and arrived at the front of
the Laundry to meet Taft, he was welcomed by enthusiastic
crowds and received a twenty-one gun salute. Two years later, as
the fighting of the Mexican Revolution moved north of the
border, the Laundry building's large flat roof served as an
observation deck, providing journalists and spectators sweeping
views of the fighting across the river, especially during the
Battle of Ciudad Juarez on Mat 10, 1911.

The building has a total of 21,000 Sq. Ft. +/- with approximately
15 parking spaces (additional parking can be provided depending
on the lease terms) and is located a few feet away from the
Santa Fe international border crossing.

Additional Details

Nearest MSA: El Paso
County: El Paso
Tax ID/APN: C05099906203100
Zoning: GMU H
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1945
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,581 53,836 130,930
Median Age: 36.76 35.39 34.26
Households: 3,823 19,693 46,038


Photograph of Listing Agent

Sergio Tinajero

KW Commercial
Border CIE Member
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