717 San Antonio Ave El Paso, TX 79901-2519
- Office buildings
- 46,080 SF
- 0.18 lot acres
Current Use by Public Records
- Law Office of Carlos Cardenas / Attorney
- Abraham Sib / Attorney
- Annex Bail Bonds / Bail Bonds Service
- A Quick Bail Bonds / Bail Bonds Service
- Dan Lozada Photography & Storyfilms / Photographer
Property Details for 717 San Antonio Ave
- Year built
- 1910
- Lot size
- 0.18 lot acres
- Property size
- 46,080 SF
- Zone code
- C4H
- Property type
- Office buildings
- APN
- C050-999-2100-0100
- APU
- C05099921000100
Description
This historic six-story, 46,080 square foot office building, located at 717 E San Antonio Ave, El Paso, TX 79901, presents a unique investment opportunity. Built in 1910 and extensively renovated in 2022, the property boasts a blend of Beaux-Arts, Renaissance, and Sullivanesque architectural styles, featuring arched windows, geometric terra cotta, and charming balconies. Currently housing 10 tenants across 48 units, the building offers 30,486 net rentable square feet with a 60.63% occupancy rate. The asking price is $3,200,000, translating to $69.44 per square foot, significantly below replacement cost. The property benefits from a strong pro-forma NOI of $369,840 and a pro-forma cap rate of 11.56%. Situated in a prime downtown location between the IRS building and the Federal Courthouse, this Class C building is zoned C-4H and offers potential for restoration tax incentives. The 7,754 square foot lot has no air rights. The gross lease structure and multi-tenant occupancy provide a stable income stream. This is a rare chance to acquire a landmark property with significant upside potential in a thriving urban core. The building's rich history and architectural significance, combined with its strong financial performance and prime location, make it an exceptional investment opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,000,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $920,000
- 6.5%
- $965,000
- 7%
- $975,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $910,000
- Geo Method
- $1,025,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $845,000
- Retail
- $805,000
- Mixed-Use
- $890,000
- Hospitality
- $980,000
- Educational
- $1,020,000
- Residential Income
- $805,000
- Energy
- $865,000
- Income-Based Land
- $880,000
- Food Service
- $1,030,000
Location Insight
- Map
- Local Demand
- City
- El Paso
- County
- El Paso
- State
- Texas
- Longitude
- -106.482
- Latitude
- 31.7596
- CBSA code
- 21340
- CBSA name
- EL PASO, TX METROPOLITAN STATISTICAL AREA
