950 S. Main

Retail-Commercial for Sale
Catylist Listing ID: 30709415
Property Subtypes: Restaurant
Building Size (RSF): 1,606 SF
Gross Building Area: 1,803 SF
Gross Land Area: 8,969 SF
Sale Price: $252,000
Unit Price: $156.91 PSF
Has Drive-Thru? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Average Occupancy Rate: 100
Last Updated: 4/30/2021

Overview / Comments

Great investment opportunity in a growing community. Cap rate 10%. Existing tenant has been operating at the location since January 2013 with a lease expiration of Jan 2023. Located on Main Street near Wildcat, near Anthony High School. Property features a drive-thru window, rear cooler and 9 dedicated parking spaces.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $6,362 (Annual)
Tax Value Land $22,423
Tax Value Improvements $199,440
Assessed Value - Total($) $221,863 (Annual)
Gross Operating Income $32,688 (Annual)
Net Operating Income $25,200 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: El Paso
County: El Paso
Tax ID/APN: 151601
Zoning: C
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: S. Main/Hwy 80 and Wildcat
Feet of Frontage: 85
Highway Access: On Hwy 80/Main St. Located 1.68 miles from I-10.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1970
Roof Type: Flat
Construction/Siding: Other
Exterior Description: MASONRY; GOOD
Total Parking Spaces: 9
Parking Ratio: 5 (per 1000 SF)
Parking Type: Surface
Lot Frontage: 85
Lot Depth: 105
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: owned
Legal Description: W D MARSH SURV 183 ABST 2256 TR 11-B (0.1900 AC) & 3 U S 80 ADDITION TO LA TUNA PT OF LOT 12 BEG 20.02 FT W OF SEC (4.22 FT ON W- 105.69 FT ON N- 8.94 FT ON E- 105.38 FT ON S) (692.60 SQ FT)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,732 23,144 31,072
Median Age: 33.84 29.18 29.4
Households: 848 6,102 8,411

Contact

Photograph of Listing Agent

Michael Bray

RC Properties
Border CIE Member
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