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    TX-16 Spur Dr El Paso, TX 79932

    For Sale
    Contact for pricing

    Prime El Paso location, high traffic, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.3-acre commercial land parcel presents a unique investment opportunity in the rapidly expanding Northwest El Paso area. Situated on TX-16 Spur in El Paso County, Texas, zip code 79932, this property boasts unparalleled accessibility and visibility. Its strategic location directly across from The Outlet Shoppes at El Paso, a destination attracting approximately 12 million visitors annually, ensures significant foot traffic and brand exposure. The surrounding area is experiencing substantial growth, with nearly 6,500 new homes under development, creating a burgeoning residential base. A large daytime population is further guaranteed by the presence of a college campus, industrial developments, call centers, a high school, a major soccer complex, numerous restaurants, and car dealerships. The property's proximity to a new 140-bed Tenet hospital and a 55-bed Texas Tech Training Hospital adds to its appeal. C-4 zoning allows for a variety of uses, making it ideal for a freestanding building with drive-thru capability, among other possibilities. Convenient access to Transmountain/Loop 375 and Interstate 10 is further enhanced by ongoing TXDOT I-10 corridor improvements designed to optimize traffic flow. This property offers exceptional potential for investors seeking a high-growth area with strong demographics and infrastructure.

    Property Features for TX-16 Spur Dr

    General Information

    Property type
    Land

    HighLights

    • 1.3‑acre commercial land parcel in Northwest El Paso's rapidly growing area.
    • Prime location on TX‑16 Spur, across from The Outlet Shoppes at El Paso (12 million annual visitors).
    • High visibility and accessibility due to significant surrounding residential and commercial development (6,500+ new homes, college campus, hospital, etc.).
    • C‑4 zoning allows for versatile development, including drive‑thru capable buildings.
    • Excellent access to major roadways (Loop 375, I‑10), further enhanced by ongoing TXDOT improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Hair Salon Auto Repair Shop Clothing Store Nail Salon

    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
    -106.58779634787
    Latitude
    31.906837424498

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    FAQs

    What type of property is this?
    Land - Prime El Paso location, high traffic, development potential.
    Where is this land located?
    The property is located at TX-16 Spur Dr El Paso, TX.
    What are key features of this property?
    This property features: 1.3-acre commercial land parcel in Northwest El Paso's rapidly growing area.; Prime location on TX-16 Spur, across from The Outlet Shoppes at El Paso (12 million annual visitors).; High visibility and accessibility due to significant surrounding residential and commercial development (6,500+ new homes, college campus, hospital, etc.).
    (915) 422-2242
    Request Owner's contact information
    TX-16 Spur Dr 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
    TX-16 Spur Dr El Paso, TX 79932
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