City block downtown El Paso For Re-development

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30331465
Property Subtypes: Hospitality, Multi-Family, Retail, Other
Status: Pending
Gross Land Area: 58,454 SF
Sale Price: $1,790,000
Unit Price: $30.62 PSF
Sale Terms: Cash to Seller, Owner Financing, Build-to-Suit, Sale/Leaseback, Other
Cap Rate: Undisclosed
Last Updated: 3/12/2019

Overview / Comments

We have assembled the entire block of Montana Avenue, North Kansas, North Campbell, and East Rio Grande. This includes 6 properties: 1) 415 Montana Ave 2) 400 E Rio Grande 3) 415 E Rio Grande 4) 405 Montana Ave 5) 910 N Kansas 6) 916 N Kansas .
This is a dream property for any developer. The property has a three level, concrete, parking garage on the corner of E Rio Grande and N Campbell.
This garage opens the possibility of a larger development. The building on the corner of N Campbell and Montana is an 18,000 square foot building with high ceilings. This can easily be converted into a two story building.
The corner of Montana and N Kansas has recently been demolished, so it is
currently a vacant lot. The corner of E Rio Grande and N Kansas, there is a parking lot, and next to it, two homes.

The alley has been purchased, so it becomes part of the property, as well.
This price does not include the two homes. THEY ARE LISTED FOR $550,000.00.

Additional Details

Nearest MSA: El Paso
County: El Paso
Tax ID/APN: C05099926606100
Legal Description: 266 CAMPBELL 11 & 12 (6344 SQ FT), 266 CAMPBELL 7 TO 10 (12480.00 SQ FT), 266 CAMPBELL 1 TO 6 (18720.00 SQ FT), 266 CAMPBELL 16 TO 20 & S 1/2 OF 15 (17160 SQ FT)
Largest Nearby Street: Montana, Rio Grande, Kansas, Campbell
Feet of Frontage: 1,040
Area Description: -Three level parking and a shell building -18,720 Sq.Ft. of Shell & 24,960 Sq.Ft of parking garage -60,000 Sq. Ft. of Land -Close to I-10 -Walking distance to downtown -Close to UTEP, Community College and Nursing School -By the new trolley stop

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,902 66,062 152,407
Median Age: 35.92 35.88 34.12
Households: 7,740 24,420 54,186


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