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.

Attachments & Media

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

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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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