7244 N. Loop Drive, 79915
Retail-Commercial
for Sale
| Catylist Listing ID: |
30393071 |
| Property Subtypes: |
Convenience Store, Free-Standing Building, Mixed Use, Parking Facility, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
|
| Building Size (RSF): |
3,100 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.36 Acres
|
| Sale Price: |
$325,000 |
| Unit Price: |
$104.84 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business |
| Sale Terms: |
Cash to Seller, Owner Financing |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/19/2021 |
Overview / Comments
|
This property is in the Lower Valley area off the corner of Hawkins Blvd./ Dodge Rd. and North Loop. This section of North Loop Drive is one of the busiest streets in the area. The sale includes 2 buildings made out concrete block. Building 1 is 100% leased to 2 tenants that occupy about 1,323 sq. ft. each. It currently provides $14,400 per year in rental income. Building 2 has about 1,800 sq. ft. leasable space area for owner use with a kitchenette, kitchen sink and 2 restrooms. Each building has separate water, gas and electric meter. Zoning does not allow auto repair.
|
Current Tenants
| Tenant Business Name |
Tax Preparation & Sandwich Shop |
| Current Rent |
$1,000 PSF (Annual) |
Additional Details
| Nearest MSA: |
El Paso |
| County: |
El Paso |
| Tax ID/APN: |
S65899900602200 |
| Zoning: |
C4 |
| Retail Clientele: |
General, Family, Business, Convention |
| Property Located Between: |
Hawkins Blvd & Trowbridge |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Hawkins Boulevard |
| Feet of Frontage: |
75 |
| Airports: |
El Paso Airport 4.4 miles |
| Area Description: |
4 minutes or 1.7 miles to Interstate 10, |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
2 |
| Number of Stories: |
1 |
| Property Condition: |
Good |
| Year Built: |
2011 |
| Roof Type: |
Flat |
| Construction/Siding: |
Block |
| Total Parking Spaces: |
22 |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
| Zoning Description: |
Commercial C4 |
| Lot Frontage: |
75 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Electric Lines, Water Rights |
| Legal Description: |
Block 6, Lot 23, Stiles Gardens, City of El Paso, El Paso County, TX |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
18,118 |
125,363 |
275,349 |
| Median Age: |
36.04 |
36.54 |
34.74 |
| Households: |
5,889 |
43,998 |
91,700 |
|
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