209 Mesa St El Paso, TX 79901
- Retail space
- 14,290 SF
- 0.22 lot acres
Current Use by Public Records
- Naturista Yoshida / Holistic Medicine Practitioner / Alternative Medicine Practitioner
Property Details for 209 Mesa St
- Year built
- 1917
- Lot size
- 0.22 lot acres
- Property size
- 14,290 SF
- Zone code
- C-5
- Property type
- Retail space
- APN
- M473-999-005A-4100
- APU
- M473999005A4100
Description
This exceptional 35,600 square foot retail property, located at 209 N Mesa St in El Paso, Texas, presents a unique investment opportunity. Situated in the heart of El Paso, within El Paso County and zip code 79901, this property boasts a highly desirable C-4 zoning designation, offering unparalleled versatility for a range of commercial uses. The asking price is $4,000,000, translating to a price per square foot of $112.36. The property's size and zoning permit a multitude of uses, including but not limited to bars, restaurants, and shopping centers. Its prime location in a thriving urban center ensures high visibility and accessibility, attracting a large volume of foot traffic and potential customers. The property's blend of historic charm and modern appeal creates an inviting atmosphere, making it an ideal location for businesses seeking to establish a strong presence in a vibrant and growing community. This is a rare opportunity to acquire a substantial retail space in a highly sought-after area of El Paso, offering significant potential for long-term growth and profitability. The property's strategic location at the crossroads of commerce, culture, and community positions it for success in a dynamic urban environment. This property is ready for a new owner to bring their vision to life.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $535,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $790,000
- 6.5%
- $780,000
- 7%
- $815,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $805,000
- Geo Method
- $840,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $790,000
- Retail
- $845,000
- Mixed-Use
- $805,000
- Hospitality
- $830,000
- Educational
- $630,000
- Residential Income
- $795,000
- Energy
- $835,000
- Income-Based Land
- $700,000
- Food Service
- $725,000
Location Insight
- Map
- Local Demand
- City
- El Paso
- County
- El Paso
- State
- Texas
- Longitude
- -106.488
- Latitude
- 31.7589
- CBSA code
- 21340
- CBSA name
- EL PASO, TX METROPOLITAN STATISTICAL AREA
