Historic Hotel Conversion
For Sale
Contact for pricing
215 North Mesa Street, El Paso, TX 79901
Five-story, fee-simple historic building suited for boutique hotel conversion with lobby restaurant and rooftop bar.
Property Size35,000 SF
Days on Market86
Property Features for 215 North Mesa Street
General Information
Standard status
Active
Size
35,000 SF
Property subtype
Mixed Use, Hospitality, Multifamily
Zoning
C-5
Investment Type
Core+
Additional Details
Opportunity Zone
Yes
Building Details
Year Built
1910
Stories
5
Construction
reinforced concrete
Listing Agency:
Boldface Hospitality LLC
Listed By:
Zuhair Bheda · License #TX 0804187
Source:
Crexi
Added: Jun 17
Changed: Sep 8
Last Checked: Sep 10 at 7:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Boldface Hospitality LLC
Investment Insights
Based on property information with market context.
Boldface Hospitality Advisors ("BHA") is pleased to exclusively offer for sale the fee-simple interest in the Historic Banner Building ("Property"), a five-story landmark asset totaling approximately 35,000 SF. Originally completed in 1910 and designed by Trost & Trost, the building is presented as a boutique hotel conversion opportunity centered on curated guestrooms and richly designed public spaces that reflect the building’s century-old character.
The property also includes plans for a full-service lobby restaurant and bar, along with a rooftop bar and patio. Architectural features include an exposed concrete facade and prominent corner presence at Mesa and Mills Streets, directly across from San Jacinto Plaza, reinforcing the building’s visibility within downtown El Paso.
The hotel may operate as a fully independent boutique property or affiliate with a lifestyle brand under Hilton, Marriott, Hyatt, or IHG’s soft brand collections, subject to franchise approval. The offering notes available incentive programs, including Historic Tax Credits, Opportunity Zone qualification, TEA/HUA qualification for EB-5 investors, and Tax Increment Reinvestment Zone (TIRZ) designation.
The property also includes plans for a full-service lobby restaurant and bar, along with a rooftop bar and patio. Architectural features include an exposed concrete facade and prominent corner presence at Mesa and Mills Streets, directly across from San Jacinto Plaza, reinforcing the building’s visibility within downtown El Paso.
The hotel may operate as a fully independent boutique property or affiliate with a lifestyle brand under Hilton, Marriott, Hyatt, or IHG’s soft brand collections, subject to franchise approval. The offering notes available incentive programs, including Historic Tax Credits, Opportunity Zone qualification, TEA/HUA qualification for EB-5 investors, and Tax Increment Reinvestment Zone (TIRZ) designation.
Key Highlights
- Historic Banner Building: 5‑story, ±35,000 SF fee‑simple property at 215 North Mesa Street in Downtown El Paso, TX
- Completed in 1910 and designed by Trost & Trost; described as El Paso’s first reinforced concrete high‑rise
- Prominent corner location at Mesa and Mills Streets, directly across from San Jacinto Plaza
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,998
Businesses Nearby
170k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Shops & Services 36%
Hotels & Casinos 18%
Electronics 9%
McDonald's
Dining
32,033 visits/mo
0.2 miles
Burger King
Dining
22,314 visits/mo
0.3 miles
Circle K
Shops & Services
18,980 visits/mo
0.5 miles
Speedway
Shops & Services
18,454 visits/mo
0.4 miles
Hotel Indigo El Paso Downtown
Hotels & Casinos
14,102 visits/mo
0.1 miles
Demographics for 79901, TX
10,027
Population
4,571
Households
2.2
Avg Household Size
40
Median Age
7%
College-Educated
46%
High-School Grad
2.2 sq mi
ZIP Area
4,558
Density / Sq Mi
$13,984
Median Household Income
$19,026
Median Earnings
$517
Median Rent
$93,100
Median Home Value
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Market
Vacancy Rate% for Retail in El Paso, TX
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Frequently Asked Questions
What type of property is this?
Hotel - Five-story, fee-simple historic building suited for boutique hotel conversion with lobby restaurant and rooftop bar.
Where is this hotel located?
The property is located at 215 North Mesa Street El Paso, TX.
What are key features of this property?
This property features: Historic Banner Building: 5‑story, ±35,000 SF fee‑simple property at 215 North Mesa Street in Downtown El Paso, TX; Completed in 1910 and designed by Trost & Trost; described as El Paso’s first reinforced concrete high‑rise; Prominent corner location at Mesa and Mills Streets, directly across from San Jacinto Plaza
