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    2027- Magoffin Ave El Paso, TX 79901

    For Sale
    $398,750

    COMMERCIAL - El Paso, TX

    Lot size:
    0.28 Acres
    Days on Market:
    196
    Last Refresh:
    Dec 11 at 4:06 pm

    Property Features for 2027- Magoffin Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C4
    APN
    B20299903209900
    Parking features
    Assigned, Guest
    Fireplace
    1
    Lot size
    0.28 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Forced Air
    Cooling system
    Window Unit(s), Evaporative Cooling, Central Air

    Building Details

    Floors in Building
    1
    Building materials
    Stucco
    Additional Structures
    Guest House

    1st Choice Realty (915) 493-9793

    Listing agent Fernando Valenzuela (915) 493-9793

    Listing date May 30, 2025

    Copyright © 2025 Greater El Paso Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property: El Paso Corner

    This mixed-use property, located on a prominent corner parcel, is zoned C4, offering a range of commercial, retail, and mixed-use possibilities. The property is anchored by Sylvia's Grocery, a local market with a kitchen. It also features an attached residence and two separate income-producing studio rental units. The location benefits from mid-level traffic flow and neighborhood engagement, surrounded by multifamily residences and other mixed-use developments. Also included is an attached flexible-use area suitable for private gatherings, entertainment, or event rentals, complemented by a side entrance and an outdoor restroom. The property presents an investment and redevelopment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.465564
    Latitude
    31.769631

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with grocery store, residence, and rental units.
    Where is this mixed-use property located?
    The property is located at 2027- Magoffin Ave El Paso, TX.
    What is the asking price?
    The asking price for this property is $398,750.
    What are key features of this property?
    This property features: - Prime corner lot location with C4 zoning, offering diverse commercial, retail, and mixed-use redevelopment potential.; - Anchored by Sylvia's Grocery, a well-established and popular local market with a kitchen, providing immediate income and customer base.; - Two separate income-producing studio rental units ensure steady cash flow.
    (915) 493-9793
    Request Owner's contact information
    2027- Magoffin Ave El Paso, TX 79901
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    El Paso, TX 79901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2027- Magoffin Ave El Paso, TX 79901
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