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5050 El Paso Drive 0.69 Acres of Commercial Land Offered at $3,049,162 CAD in El Paso, TX 79905
Investment Highlights
- Located at the intersection of Alameda Avenue and El Paso Drive, offering strong visibility and accessibility.
- Positioned in a rapidly growing corridor with fully available infrastructure.
- Designated Opportunity Zone, qualifying investors for preferential tax treatment.
- Zoned SCZ-T5, potential for up to 400 residential units and 10,000 SF of commercial development with city approval.
- Directly across from Paul Foster Texas Tech Medical Campus with proximity to UTEP and major employment centers.
- Ten-minute drive to UTEP and easy access to major city thoroughfares and transit routes.
Executive Summary
The parcel is zoned SCZ-T5 (SmartCode), allowing for flexible, higher-density uses. Development potential includes 200 to 400 multifamily residential units with an allowance for up to 10,000 square feet of ground floor commercial space. location is highly advantageous: directly across from Paul Foster Texas Tech Medical Campus and only ten minutes from the University of Texas at El Paso (UTEP), including medical professionals, students, and patients on a 24/7 basis.
Situated within a federally designated Opportunity Zone, this site offers compelling tax advantages for investors pursuing long-term capital gains strategies. The surrounding corridor has experienced significant revitalization, driven by medical, educational, and mixed-use expansions, making this a prime candidate for transformative development in El Paso's urban core.
Property Facts
1 Lot Available
Lot
| Price | $3,049,162 CAD | Lot Size | 0.69 AC |
| Price Per AC | $4,427,384.98 CAD |
| Price | $3,049,162 CAD |
| Price Per AC | $4,427,384.98 CAD |
| Lot Size | 0.69 AC |
0.69-acre asphalt lot located at the intersection of Alameda and El Paso Drive in Texas. Zoned SCZ-75 (Smart Code), this parcel offers excellent visibility and accessibility in a high-traffic area.
Description
Strategically located at the intersection of Alameda and El Paso Dr, this 0.69-acre asphalt lot presents a rare investment opportunity in a high-traffic corridor. Directly across from the Texas Tech Medical Paul Foster Campus and just 10 minutes from UTEP, the site offers prime visibility and access to a steady flow of students, patients and medical professionals. Zoned SCZ-T5 (Smart Code) and adjacent to a Health and Human Services building, the property is ideal for redevelopment into a 400-unit residential/retail multifamily project with up to 10,000 SF of commercial space. This parcel is perfectly positioned for a transformative mixed-use development. All infrastructure available.
Property Taxes
| Parcel Number | X011-999-000C-1700 | Improvements Assessment | $75,855 CAD |
| Land Assessment | $335,820 CAD | Total Assessment | $411,675 CAD |
Property Taxes
Presented by
5050 El Paso Drive
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