Hotel, Apartments, and Car Lot For Sale

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30326796
Property Subtypes: Street Retail, Vehicle Related, Other
Status: Pending
Building Size (RSF): 9,749 SF
Gross Building Area: See Agent
Gross Land Area: 2 Acres
Sale Price: $375,000
Unit Price: $38.47 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller, Owner Financing, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 10/19/2018

Overview / Comments

Previously this property was a 21 room Hotel with approximately 1 acre of Car Lot, currently being used as a rehab facility charging $500/per guest. Owner has stopped receiving new tenants in order to give new owner opportunity to decide to continue with Rehab Facility or convert to Hotel/ Apartment Complex.
Potential Car Lot Sales or Restaurant.

Owner willing to finance with $75,000 down at 9% interest for 9 years. This loan will give you the ability to restore the property and get a new permanent loan when you are done.

Additional Details

Nearest MSA: El Paso
County: El Paso
Tax ID/APN: B179-999-0010-1100
Zoning: C-3
Largest Nearby Street: Alameda
Feet of Frontage: 214
Site Description: Video of Property: https://youtu.be/FTjjekD3nu4 8 units $500.00/ month
Area Description: - Hotel, Apartments and Car Lot - 2 Acres of Land - 21 Hotel Rooms, Restaurant and Office for Car Lot - Improvements 9,479 - 2017 Taxes $11,446 - Year Built 1960
Tenancy: Multiple Tenants
Total Number of Buildings: 8
Year Built: 1960
Zoning Description: C-3
Land Ownership: El Paso Secured Investment Ltd

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,080 125,109 258,618
Median Age: 35.9 36.29 34.98
Households: 4,335 43,629 86,840

Contact

© Copyright 2001-2018 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS┬« - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.