5012-5050 Alameda

Retail-Commercial for Sale
Catylist Listing ID: 30282208
Property Subtypes: Convenience Store, Day Care Facility, Mixed Use, Restaurant, Retail-Pad, Tavern/Bar/Nightclub
Building Size (RSF): 79,796 SF
Gross Building Area: See Agent
Gross Land Area: 2.32 Acres
Sale Price: $3,950,000
Unit Price: $49.50 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Owner Financing, Sale/Leaseback, Other
Cap Rate: Undisclosed
Last Updated: 5/10/2019

Overview / Comments

This is a strip center that generates approximately $30,000.00 a month in rent. It is old and you may argue it's expensive, and I agree.
Due to the seller tax situation it has to sell for a number very close to the asking price. All of us who live in El Paso, TX will love to see this property integrate with the UMC Children's Hospital etc.
The value on this property, will be in redeveloping it and create a multi level student and doctors housing so they can be close to the hospital and and the same time have their families with them. Also, we can have a retail element of the first floor such a cafe spot, gym, laundry, and other services required in the area. If a developer is interested it will be a good idea to speak to the directors of the existing projects across the street to explore some kind of different possibilities.

Additional Details

Nearest MSA: El Paso
County: El Paso
Tax ID/APN: X011-999-000C-7300
Zoning: C4
Retail Clientele: General, Family, Business, Traveler
Property Visibility: Good
Largest Nearby Street: Alameda
Highway Access: Highway is 5 minutes away from location.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Renovated: 2014
Roof Type: Flat
Construction/Siding: Stucco
Parking Type: Surface
Sprinklers: Dry
Heat Type: Natural Gas
Heat Source: Ceiling Units

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,051 95,132 201,496
Median Age: 38.02 35.94 35.12
Households: 6,805 32,370 70,693


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