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    2022 Murchison Dr El Paso, TX 79902

    Sponsored
    For Sale
    $2,990,000

    14,285 SF Medical/Office Building, $2.99M

    Property size:
    14,285 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 2022 Murchison Dr, El Paso, TX 79902, presents a unique investment opportunity. The 14,285 square foot building sits on a 27,000 square foot lot and offers a blend of executive, medical, and traditional office spaces, making it ideal for a variety of uses. Priced at $2,990,000, this translates to $209.31 per square foot. The building boasts 69 total parking spaces, including 38 convenient covered spaces located underground. Its prime location in central El Paso offers easy access to I-10 and places it adjacent to the Hospitals of Providence Sierra Campus, ensuring high visibility and accessibility. The move-in ready spaces are perfect for medical professionals, dentists, or other office tenants. This property represents a strong investment in a thriving El Paso location. The building's size and ample parking make it a highly desirable asset in a competitive market. The combination of its central location, convenient amenities, and versatile space makes this a compelling opportunity for discerning investors.

    Property Features for 2022 Murchison Dr

    General Information

    Property type
    Medical offices
    Square Feet
    14,285 SF

    HighLights

    • Exceptional mixed‑use property in central El Paso, TX.
    • 14,285 SF building on a 27,000 SF lot, priced at $2,990,000 ($209.31/SF).
    • 69 total parking spaces, including 38 covered underground spaces.
    • Prime location near I‑10 and Hospitals of Providence Sierra Campus.
    • Move‑in ready spaces ideal for medical, dental, or general office tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Samuel Favela Optometrist Rosario Nadorra Rheumatologist Dr. Edward Leyva Family Practice Physician Dr. Luis Salayandia Internist Dr. Franchesca Cruz ... Internist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -106.47366222463
    Latitude
    31.783316821574

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    FAQs

    What type of property is this?
    Medical office - 14,285 SF Medical/Office Building, $2.99M
    Where is this medical office located?
    The property is located at 2022 Murchison Dr El Paso, TX.
    What is the asking price?
    The asking price for this property is $2,990,000.
    What are key features of this property?
    This property features: Exceptional mixed-use property in central El Paso, TX.; 14,285 SF building on a 27,000 SF lot, priced at $2,990,000 ($209.31/SF).; 69 total parking spaces, including 38 covered underground spaces.
    Request Owner's contact information
    2022 Murchison Dr El Paso, TX 79902
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    El Paso, TX 79902
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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
    2022 Murchison Dr El Paso, TX 79902
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