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    508 El Paso St El Paso, TX 79901

    For Lease
    $12 SF/Yr

    Prime El Paso retail, high foot traffic.

    Lot size:
    2,310 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail property, located at 508 S El Paso St, El Paso, TX 79901, offers a single-tenant space of approximately 2,310 square feet. Situated in the heart of downtown El Paso, this C-4 zoned property benefits from its strategic location within the city's main corridor connecting El Paso, Texas, and Ciudad Juarez, Mexico. The area boasts significant foot traffic due to its proximity to numerous attractions, including museums, entertainment venues, and the Southwest University Park. The property's central location places it within easy reach of major hotels, parking garages, and several plazas such as Arts Festival Plaza, the Convention Center Plaza, San Jacinto Plaza, and Pioneer Plaza, home to the historic Plaza Theatre. This high-visibility location provides unparalleled access to a large and diverse customer base, including tourists, shoppers, and residents. The potential for expansion exists, with additional space potentially available up to 6,000 square feet. This makes it an ideal location for businesses catering to hotel guests, downtown visitors, and the vibrant local community. The property presents a unique opportunity to establish a thriving business in a dynamic and rapidly growing area.

    Property Features for 508 El Paso St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,310 SF

    Unit(s) available at that property

    Space
    Size
    2,310 SF
    Rate per SF
    $12
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Maria Sisi, Inc. Clothing Store

    Suggested Use

    Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center Skin Care Clinic

    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
    -106.48806412721
    Latitude
    31.754781409523

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    FAQs

    What type of property is this?
    Retail property - Prime El Paso retail, high foot traffic.
    Where is this retail property located?
    The property is located at 508 El Paso St El Paso, TX.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    Request Owner's contact information
    508 El Paso 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
    508 El Paso St El Paso, TX 79901
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