2027- 2031 Magoffin Avenue El Paso, TX 79901

Listing office 1st Choice Realty f***@1stchoicerealtytx.com Show Phone

Listing date Dec 18, 2024

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Investment Insights

Based on property information with market context.

This mixed-use property, zoned C4, presents an investment and redevelopment opportunity. The property is anchored by Sylvia's Grocery, a local market equipped with a kitchen. In addition to the grocery store, the property includes an attached residence and two income-producing studio rental units. The location is surrounded by multifamily residences and other mixed-use developments, benefiting from mid-level traffic flow and neighborhood engagement. An attached flexible-use area, suitable for private gatherings, entertainment, or event rentals, is included, featuring a side entrance and an outdoor restroom.

Key Highlights

• Prime corner lot zoned C4, offering diverse commercial, retail, and mixed‑use redevelopment potential.
• Anchored by Sylvia's Grocery, a well‑established local market with a kitchen, providing immediate income and customer base.
• Two income‑producing studio rental units offer steady cash flow.

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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- 2031 Magoffin Avenue El Paso, TX.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: Prime corner lot zoned C4, offering diverse commercial, retail, and mixed‑use redevelopment potential.; Anchored by Sylvia's Grocery, a well‑established local market with a kitchen, providing immediate income and customer base.; Two income‑producing studio rental units offer steady cash flow.