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315 S El Paso St 8,576 SF 100% Leased Retail Building El Paso, TX 79901 $1,167,662 CAD ($136.15 CAD/SF) 10% Cap Rate
Investment Highlights
- Heavy foot traffic
Executive Summary
Introducing an exceptional opportunity for office building investors in the heart of Downtown El Paso. This impressive property at 315 S El Paso St features a meticulously renovated 8,576 SF building, comprising 2 units, and offering 100% occupancy. Built in 1900 and thoughtfully modernized in 2020, the property presents a compelling blend of historic charm and contemporary functionality. Zoned C4, it provides a versatile space for a range of professional endeavors, conveniently situated in a prime business district. Don't miss the chance to invest in this landmark property with strong tenant demand and remarkable potential for sustained growth and profitability.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
8,576 SF
Building Class
C
Year Built
1915
Price
$1,167,662 CAD
Price Per SF
$136.15 CAD
Cap Rate
10%
NOI
$116,766 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.97
Lot Size
0.10 AC
Zoning
C5 - Regional Commercial. Zoning Code C5 for many potential uses including office and apartment
Frontage
42’ on E El Paso St
Amenities
- Bus Line
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Loft Light Gallery Cafe
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Loft Light Gallery Cafe | Retailer | - | - | - |
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | M473-999-0330-1700 | Improvements Assessment | $298,254 CAD |
| Land Assessment | $287,162 CAD | Total Assessment | $585,416 CAD |
Property Taxes
Parcel Number
M473-999-0330-1700
Land Assessment
$287,162 CAD
Improvements Assessment
$298,254 CAD
Total Assessment
$585,416 CAD
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315 S El Paso St
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