Downtown El Paso Commercial
402 S EL PASO Street El Paso, TX 79901
For Sale
$3,100,000
COMMERCIAL - El Paso, TX
Property Size22,200 SF
Lot Size0.28 Acres
Price / SF$139.64
Days on Market189
Property Features for 402 S EL PASO Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C5
Fireplace
1
Standard status
Active
APN
M47399903404500
Size
22,200 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Description
34 MILLS 102.00 FT ON EL PASO X 120.00 FT BEG 158.00 N OF SWC (12240.00 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Floors in Building
3
Building materials
Brick
Listing Agency:
Keller Williams Realty
(915) 603-5293
Listed By:
Armando Sarti
(915) 288-5287
Added: Jan 19
Changed: May 14
Last Checked: Jul 27 at 10:06AM
MLS# 936803
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Located at 402 S. El Paso Street, this well-maintained three-story commercial building is situated steps from the international bridge in the heart of Downtown El Paso. The property offers approximately 22,200 square feet of rentable space. The first floor provides 10,200 square feet, with 1,800 square feet on the second floor, and 10,200 square feet on the third floor. All floors are equipped with central heating and air conditioning. Positioned in a high pedestrian and vehicular traffic corridor, the building benefits from exposure to cross-border foot traffic, local shoppers, and commuters. Its proximity to Plaza Lagartos, major hotels, restaurants, retail, and key downtown attractions enhances its appeal for retail, office, hospitality, or mixed-use concepts. The building is currently income-producing, with additional upside potential through lease-up of vacant or underutilized space. The lot size is 0.28 acres. The zoning is C5.
Key Highlights
- High‑visibility location in the heart of Downtown El Paso, steps from the international bridge.
- Approximately 22,200 square feet of rentable space across three floors.
- Positioned in a high pedestrian and vehicular traffic corridor with constant exposure to cross‑border traffic.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $460.9k | $20.76 |
| − Vacancy | −$86.2k | −$3.88 |
| EGI | $374.7k | $16.88 |
| − OpEx | −$93.7k | −$4.22 |
| NOI | $281.0k | $12.66 |
22,200 SF · lease $20.76/SF/yr · vacancy 18.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.01M
$3.51M – $4.68M
NOI $281,017 @ 7.0% cap · market cap 9.07%
Second Best
Mixed Use
$3.77M
$3.30M – $4.40M
NOI $263,736 @ 7.0% cap · market cap 8.51%
Theoretical Best
Office A
$5.57M
$4.87M – $6.50M
NOI $389,863 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story commercial building in the heart of Downtown El Paso.
Where is this mixed-use property located?
The property is located at 402 S EL PASO Street El Paso, TX.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: High‑visibility location in the heart of Downtown El Paso, steps from the international bridge.; Approximately 22,200 square feet of rentable space across three floors.; Positioned in a high pedestrian and vehicular traffic corridor with constant exposure to cross‑border traffic.
