201 Mesa St El Paso, TX 79901
- Drug stores
- 35,091 SF
- 0.27 lot acres
Current Use by Public Records
- CDReload - Online Bitcoin ATM / Crypto Atm / Atm
- UPS Access Point location / Shipping And Mailing Service / Mailing Service
- Coinhub Bitcoin ATM Teller / Atm
- MoneyGram / Money Transfer Service
- Thomse Cheap Car Insurance of Texas / Commercial Agent / Auto Insurance Agency
Property Details for 201 Mesa St
- Year built
- 1914
- Lot size
- 0.27 lot acres
- Property size
- 35,091 SF
- Zone code
- C5
- Property type
- Drug stores
- APN
- M473-999-005A-0100
- APU
- M473999005A0100
Description
This exceptional 11,761 square foot office building, situated on a 0.27-acre lot at the hard corner of Mesa Street and Texas Avenue, presents a unique investment opportunity. Built in 1914, this single-tenant property boasts a prominent location in El Paso's vibrant Central submarket, offering excellent visibility and accessibility. The building comprises approximately 11,100 square feet on the first floor, 9,900 square feet on the second floor, and an additional 14,091 square feet in the basement, totaling approximately 35,091 square feet. The property features 98 feet of frontage on N Mesa Street and benefits from a signalized traffic light at the intersection. Its C5 H zoning allows for a variety of uses. The strategic location offers unparalleled access to key area attractions, including San Jacinto Plaza, El Paso Museum of Art, Southwest University Park, and numerous theaters and entertainment venues. Furthermore, its proximity to City Hall, the streetcar route, bus stops, hotels, restaurants, banks, and parking options enhances its appeal. The property is conveniently located approximately 13.6 miles from El Paso International Airport. This exceptional property is offered at $4,000,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $985,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,130,000
- 6.5%
- $1,150,000
- 7%
- $1,140,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $885,000
- Geo Method
- $1,040,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,150,000
- Retail
- $1,180,000
- Mixed-Use
- $1,065,000
- Hospitality
- $925,000
- Educational
- $1,010,000
- Residential Income
- $1,000,000
- Energy
- $1,050,000
- Income-Based Land
- $930,000
- Food Service
- $1,015,000
Location Insight
- Map
- Local Demand
- City
- El Paso
- County
- El Paso
- State
- Texas
- Longitude
- -106.488
- Latitude
- 31.7588
- CBSA code
- 21340
- CBSA name
- EL PASO, TX METROPOLITAN STATISTICAL AREA
