7620 Mesa St El Paso, TX 79912-3506
- Hotels
- 51,560 SF
- 1.70 lot acres
Current Use by Public Records
- La Quinta Inn & Suites by Wyndham El Paso West Bartlett / Hotel / Inn
Property Details for 7620 Mesa St
- Year built
- 1992
- Construction
- WOOD
- Lot size
- 1.70 lot acres
- Property size
- 51,560 SF
- Zone code
- C3S
- Property type
- Hotels
- APN
- M327-999-0040-0175
- APU
- M32799900400175
Description
This exceptional 103-key hotel presents a compelling value-add investment opportunity in El Paso, Texas. The four-story property, situated on a 1.68-acre lot at 7620 N Mesa St, El Paso, TX 79912, boasts interior corridors for enhanced guest security and privacy. Built in 1992 and renovated in 2008, the hotel offers a strong foundation for future growth. Its prime location provides convenient access to key attractions, including El Paso International Airport (an 18-minute drive), Sunland Park Mall (4 minutes), Sunland Park Racetrack and Casino (5 minutes), and the Viva El Paso shows at McKelligon Canyon (12 miles). The property currently generates a Net Operating Income (NOI) of $576,962, resulting in an attractive 10.03% capitalization rate. Priced at $5,750,000, or $55,825 per key, this hotel represents a significant opportunity for investors seeking strong returns in a thriving hospitality market. The property is zoned for commercial use. This is a rare chance to acquire a well-located, established hotel with significant upside potential. The property's strong performance and strategic location make it an ideal addition to any investment portfolio.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- El Paso
- County
- El Paso
- State
- Texas
- Longitude
- -106.568
- Latitude
- 31.84
- CBSA code
- 21340
- CBSA name
- EL PASO, TX METROPOLITAN STATISTICAL AREA
