Technical
Financial
Distress signals
Property profile

690 Fm 259 Canutillo, TX 79835

OFF-MARKET
Grocery and convenience stores
Property ID
US82-3650485
1,228 SF 0.62 ac lot Built 1994
Individually Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a well-established and highly profitable country mini-mart situated on a 0.62-acre corner lot in Canutillo, Texas, at 690 FM259. The property boasts a substantial building including a fully equipped commercial kitchen, ample shelving, and a convenient drive-thru window. The mini-mart is equipped with two walk-in beer and drink refrigerators, and benefits from existing permits for the sale of beer and wine, cigarettes, and Texas Lottery tickets. A propane gas license is also in place. The property includes a secure metal front door and various fixtures. A substantial metal warehouse measuring 25' x 60' provides ample storage space, complemented by an additional 20' x 15' structure ideal for hay, animal feed, and grain storage. The prime corner lot location ensures high visibility and traffic exposure. A portion of the lot is currently leased to a plant nursery, generating supplemental income for the owner. Furthermore, a solar panel lease is in place and is assumable by the new owner, offering potential cost savings on energy expenses. This turnkey operation presents a rare opportunity to acquire a profitable business with significant growth potential in a desirable location. The asking price for this exceptional property is $950,000.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1994
Total area 1,228 SF
Lot 0.62 ac (26,877 SF)
Zoning code NZ
APN U819-000-017K-1225
UPID US82-3650485

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm

Location

690 Fm 259 Canutillo, TX 79835-6224
Canutillo metro Census 10222 EL PASO, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2018
5 recorded transactions
2018
Price N/A
2017
Price N/A
2009
Price N/A
2006
Price N/A
1969
Price N/A

Zoning & alternative use

NZ · Canutillo, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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