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Property profile & analytics
FOR LEASE
Strip malls

5380 N Mesa St El Paso, TX 79912

21,228 SF 2.01 ac lot Built 1999
Individually Owned Absentee Owner ~ Est. High Equity
Property ID
US82-3591918
5380 N Mesa St, El Paso, TX 79912 For Lease
$985,000
5380 N Mesa St, El Paso, TX 79912
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Property summary
AI-generated overview

Festival Crossing offers a prime retail space in El Paso County, perfect for a variety of businesses. This multi-tenant building boasts a total of 19,200 square feet, with one immediately available unit measuring 1,200 square feet. The property is categorized as both retail and restaurant-suitable, presenting a versatile option for prospective tenants. Its location within the Festival Crossing complex provides excellent visibility and accessibility, making it an ideal spot to establish or expand a business. The building's overall size and multi-tenant nature suggest a thriving commercial environment, offering potential for synergy and shared customer traffic. This 1,200 square foot space is ready for immediate occupancy and presents a unique opportunity to secure a well-situated retail or restaurant location in a busy El Paso County commercial center. Interested parties are encouraged to inquire for further details and to explore the possibilities this space offers. The property's classification as both retail and restaurant-suitable allows for a wide range of potential uses, catering to diverse business needs. The available space is part of a larger, established complex, offering the benefits of shared infrastructure and a potentially vibrant commercial atmosphere. This presents a compelling opportunity for businesses seeking a strong foothold in a dynamic market. Contact us today to learn more about this exceptional retail space and schedule a viewing.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1999
Construction CONCRETE BLOCKS
Total area 21,228 SF
Lot 2.01 ac (87,512 SF)
Zoning code C3
APN M344-999-0300-0190
UPID US82-3591918
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • El pez-On marisqueria Restaurant
  • Divine Dental Spa Dental Office
  • Phit Phuel West Restaurant
  • Kambiz-Kevin Sadraei Dental Office
  • Boba Tea Top (Mesa) Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$770k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.19M
Blend (final) Blend
$985k
Owner & transaction history
River Oaks Peroperties
River Oaks Peroperties
1 recorded transaction
1969
Price N/A
Zoning & alternative use
C3 · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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