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    341 Thorn Ave El Paso, TX 79932

    Sponsored
    For Sale
    $6,050,000

    13.3 Acres, High Visibility, El Paso

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 13.3-acre commercial land parcel presents a unique investment opportunity in El Paso, Texas. Strategically located on two corners, the property boasts over 2,000 feet of frontage on three highly trafficked streets, ensuring maximum visibility to Interstate 10. Its prime Westside location is highly coveted, with no comparable acreage currently available. Zoned R-3, this expansive lot offers significant potential for various commercial developments. The property's accessibility is further enhanced by its proximity to the I-10 ramp via S Desert Blvd, currently under construction. This location is particularly advantageous, situated one exit before the proposed new Amazon distribution center. The substantial lot size allows for flexibility in development plans, including the possibility of subdivision, which is projected to increase individual lot values. A potential scenario involves selling a portion (6 acres) for $3,000,000 to a hotel developer, further enhancing the return on investment. The property's APN is X268999S0000100, and the asking price is $6,050,000. The address is 341 Thorn Ave, El Paso, TX 79932.

    Property Features for 341 Thorn Ave

    General Information

    Property type
    Land
    Lot Size
    579,348 SF

    HighLights

    • High visibility from Interstate 10.
    • Corner lot with over 2,000 feet of frontage on three streets.
    • 13.3‑acre parcel in a desirable West El Paso location.
    • Prime Westside El Paso location with significant development potential.
    • One exit from the proposed new Amazon distribution center.
    • Subdivision potential with projected increased lot values; potential for a $3,000,000 sale of 6 acres to a hotel developer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    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
    -106.57693571342
    Latitude
    31.85187620252

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    FAQs

    What type of property is this?
    Land - 13.3 Acres, High Visibility, El Paso
    Where is this land located?
    The property is located at 341 Thorn Ave El Paso, TX.
    What is the asking price?
    The asking price for this property is $6,050,000.
    What are key features of this property?
    This property features: High visibility from Interstate 10.; Corner lot with over 2,000 feet of frontage on three streets.; 13.3-acre parcel in a desirable West El Paso location.
    (915) 479-5151
    Request Owner's contact information
    341 Thorn Ave El Paso, TX 79932
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    El Paso, TX 79932
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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
    341 Thorn Ave El Paso, TX 79932
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