Iconic Central Business District Property

Retail-Commercial for Sale
Catylist Listing ID: 30711329
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 4,680 SF
Gross Building Area: See Agent
Sale Price: $500,000
Unit Price: $106.84 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: Cinco Punto Press
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/1/2021

Overview / Comments

Well cared for C-4 property located on an above average secondary corner, Texas at Ochoa. The main floor is approximately 3120 sqf of retail and storeroom. The second floor is approximately 1560 sqf with 4-5 offices with a large meeting room, accessed by an elevator. The upstairs is suitable to be redeveloped into a residential space. Elevator lobby has separate entrance from the retail space. The property qualifies for both of the city of El Paso 380 programs - Infill Development incentive policy, the Transit-Oriented Development (TOD) incentive policy. There may be additional incentives available through the Texas Historic District, although the property itself is not presently designated as Historic. Verizon cell tower generates approximately $3600 annually and contract will convey with the property.

Additional Details

Nearest MSA: El Paso
County: El Paso
Tax ID/APN: 104414
Zoning: C-4
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Excellent
Largest Nearby Street: N. Campbell
Feet of Frontage: 26
Traffic/Vehicle Count: 6,365
Site Description: Located 3 blocks from City Hall and between City 2 & City 3; 2 blocks to the Federal Courthouse; 4 blocks to County Courthouse.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,995 70,179 147,213
Median Age: 34.69 35.89 34.28
Households: 8,015 25,678 52,445

Contact

Photograph of Listing Agent

Michael Bray

RC Properties
Border CIE Member
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