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    201 Mesa St El Paso, TX 79901

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    For Sale
    Contact for pricing

    Historic building, prime location, high potential.

    Property size:
    35,091 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 201 N Mesa St, El Paso, TX 79901, presents a unique investment opportunity. The 35,091 square foot building, constructed in 1914 and renovated in 2018, sits on a 0.27-acre lot (11,761 square feet) at the hard corner of Mesa Street and Texas Avenue, benefiting from a signalized traffic light. The building features a first floor of approximately 11,100 square feet, a second floor of approximately 9,900 square feet, and a basement of approximately 14,091 square feet. Currently vacant, this Class A property is zoned C5 H, offering flexibility for a variety of uses including grocery, hotel, and pharmacy/drug store. Its prime downtown location provides exceptional visibility and accessibility, with proximity to major attractions such as San Jacinto Plaza, El Paso Museum of Art, Southwest University Park, and numerous theaters and entertainment venues. The property also benefits from convenient access to public transportation, including streetcar routes and bus stops, as well as ample street parking and nearby parking garages. The property's 98-foot frontage on N Mesa St ensures high visibility. The asking price is $4,000,000. This is a fee simple ownership opportunity. The property is approximately 13.6 miles from El Paso International Airport.

    Property Features for 201 Mesa St

    General Information

    Property type
    Individual retail properties
    Square Feet
    35,091 SF
    Class
    A
    Lot Size
    11,761 SF

    Building Details

    Year Built/Renovated
    1914/2018
    Buildings
    1
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    CDReload - Online Bitcoin ... Crypto Atm UPS Access Point ... Shipping And Mailing Service Coinhub Bitcoin ATM ... Atm MoneyGram Money Transfer Service Thomse Cheap Car ... Commercial Agent

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Food Market Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.48723278582
    Latitude
    31.758916650239

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    FAQs

    What type of property is this?
    Individual retail property - Historic building, prime location, high potential.
    Where is this individual retail property located?
    The property is located at 201 Mesa St El Paso, TX.
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    201 Mesa St 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
    201 Mesa St El Paso, TX 79901
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