5222 Doniphan Dr, El Paso, TX 79932-1588

This exceptional investment opportunity presents a fully leased, multi-tenant retail building situated at 5222 Doniphan Dr, El Paso, Texas, 79932. The property boasts 3,070 square feet of net rentable space, distributed across three units, achieving 100% occupancy. Built in 1964 and extensively renovated in 2022, this Class C property offers a stabilized investment with a compelling 6.97% cap rate and a strong net operating income (NOI) of $38,357. The asking price is $550,000, translating to $179.15 per square foot. Conveniently located on a high-traffic corridor, adjacent to the intersection of Thorn and Doniphan Drive, the property benefits from ample rear parking for tenants and customers. The 0.21-acre lot is zoned C-3, providing flexibility for future uses. The property's financial performance is further supported by a 2023 property tax assessment of $6,122.14. This single-story building presents a rare opportunity to acquire a well-maintained, high-performing retail asset in a desirable El Paso location. Detailed financial statements are available upon request. The property's APN is X267999S00D7100.