109-115 N Mesa St - Abdou Building

Retail-Commercial for Sale
Catylist Listing ID: 30607090
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 25,739 SF
Gross Building Area: See Agent
Sale Price: $4,300,000
Unit Price: $167.06 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Building Name: Abdou Building
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 9/23/2020

Overview / Comments

Built in 1910 and designed by the celebrated architect Henry Trost, The Historic Abdou Building - 115 North Mesa Street - is a mixed-use (office, retail, and apartment) building located on the corner of North Mesa Street and Texas Avenue in the heart of Downtown. This property is surrounded with successful restaurants, and wonderful attractions such as the El Paso Museum of Art, the new Southwest University Baseball Park, the Abraham Chavez theater, and is only one block from San Jacinto Square. This building consists of one floor (with basement) of prime retail space, five offices, and seven residential apartments. The ground floor and basement of the property are currently vacant and available for lease. Floor two (2) is divided into two apartments. In floors three (3) through seven (7), each floor consists of one office, a bathroom for guests, and a 3 bedroom apartment. 115 North Mesa Street offers a strong in place rent roll along with ample opportunity for future growth.
Proforma is attached. Please call us for more information.
For a Video of the Property: https://www.youtube.com/watch?v=pvA7y7YqHB4&t=6s

Attachments & Media

Additional Details

Nearest MSA: El Paso
County: El Paso
Tax ID/APN: M473999005B8100
Zoning: C-4
Retail Clientele: General, Business, Other
Property Visibility: Excellent
Largest Nearby Street: Mesa
Area Description: Downtown Central Business District
Total Number of Buildings: 1
Number of Stories: 7
Property Condition: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,819 63,711 143,132
Median Age: 35.2 36.05 34.26
Households: 7,633 23,524 50,624

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