404 6th Ave El Paso, TX 79901-3218

This El Paso, Texas, retail property presents a compelling investment opportunity. The 1,500 square foot convenience store and storefront, located at 404-406 E Sixth Ave, boasts a prime location with excellent visibility on Stanton Street, just two blocks from an international crossing. Built in 2004 and renovated in 2020, the Class B property sits on a 3,860 square foot lot and is zoned C-1. Currently 50% occupied, the existing tenant is under lease for two more years at $1,500 per month. The property offers a strong net operating income (NOI) of $26,928, resulting in an attractive 8.42% cap rate. The asking price is $320,000, translating to $213.33 per square foot. The total building area is 3,640 square feet, and 2024 property taxes are $8,055. This owner/user investment presents a unique chance to acquire a well-maintained property in a high-traffic area with significant upside potential. The property's strong cash flow and strategic location make it an ideal investment for both seasoned and new investors seeking a stable and profitable venture in the vibrant El Paso market. The APN is C050-999-0760-5500.