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    504 Erma Ave Presidio, TX 79845

    For Sale
    $1,550,000

    Large retail building, prime location.

    Property size:
    25,244 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a vacant, 25,244-square-foot grocery store building situated on a 1.188-acre lot in Presidio, Texas. The single-story structure, built in phases between 1998 and 2004, boasts a prominent location on Business Highway 67, offering unparalleled visibility and accessibility. This substantial retail space is one of the largest in Presidio, providing ample parking and convenient ingress/egress. The property includes functional gas pumps, adding further value and potential revenue streams. Presidio's strategic location on the US-Mexico border, neighboring Ojinaga, Mexico (population over 28,000), creates a significant combined population of over 30,000, providing a substantial customer base. The asking price is $1,550,000, translating to $61.40 per square foot. The property's APN is 1770. This presents a unique chance to acquire a substantial retail asset in a high-growth border town. The property is currently vacant, allowing for immediate customization and tenant selection to suit a variety of retail needs. This is a rare opportunity to own a significant piece of Presidio's commercial landscape.

    Property Features for 504 Erma Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    25,244 SF
    Lot Size
    51,749 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • Massive retail building, a full city block, in Presidio, TX.
    • High‑visibility location on Business Highway 67, excellent accessibility.
    • Large‑format retail space with operational gas pumps.
    • Strong demographics: Presidio's location on a key US‑Mexico border crossing, combined with neighboring Ojinada, yields a market of over 30,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ATM (Presidio Thriftway) Atm Tornado Bus terminal Bus Company

    Map

    City
    Presidio
    County
    Presidio
    State
    Texas
    Longitude
    -104.37169408
    Latitude
    29.56499297

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    FAQs

    What type of property is this?
    Individual retail property - Large retail building, prime location.
    Where is this individual retail property located?
    The property is located at 504 Erma Ave Presidio, TX.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: Massive retail building, a full city block, in Presidio, TX.; High-visibility location on Business Highway 67, excellent accessibility.; Large-format retail space with operational gas pumps.
    Request Owner's contact information
    504 Erma Ave Presidio, TX 79845
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    Presidio, TX 79845
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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
    504 Erma Ave Presidio, TX 79845
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