400-406 S El Paso St 24 600 pi² Commerce de détail Immeuble

Write the next chapter for this storied property and add to the rich character of Downtown El Paso with this one-of-a-kind acquisition or leasing opportunity.

400-406 S El Paso Street is a historically significant building as one of the first erected structures of El Paso County in 1883 when it was once the county seat and later a saloon rumored to have been frequented by famous outlaws. It was most recently occupied from 1961 to 2018 by the current owners' family business. In 2023, it received over $1 million in renovations due to a fire in an adjacent building, leaving it with a brand-new fit in tenant-ready condition.

The property spans three stories. The first story is 12,000 square feet, the second is a 500-square-foot section with private offices and a floor-to-ceiling window overlooking the first floor, and the third floor has 8,500 square feet of leasable area that could be expanded to 12,000 if HVAC and other equipment is moved to the roof. 400-406 S El Paso Street is highly flexible and can be retrofitted for a number of uses like a brewery, large restaurant or bar, medical office, art gallery, event venue, ground-floor retail with upper-level office, and much more. The unique layout, combined with its desirable position in Downtown El Paso, grants almost unlimited opportunity.

Due to its ultra-central location in Downtown El Paso, 400-406 S El Paso Street is always a few blocks away from wherever you need to be. The property is located in El Centro, El Paso’s original shopping district, and the face of this vibrant center of activity is El Paso Street, stretching all the way to the US-Mexico border. The Plaza Theatre, El Paso Convention Center, San Jacinto Plaza, Southwest University Park, multiple museums, and top-rated hotels are within a 10-minute walk. The Union Depot train station, El Paso Greyhound Terminal, and Bert Williams Downtown Sun Metro Transfer Center are all a short walk away, a key advantage as El Pasoans rely heavily on public transit. El Paso is an irreplaceable, evergreen market because of its strategic position within the US-Mexico supply chain as it is estimated to see over $80 billion in trade annually. Combined with its sister city Juarez, the metropolitan area spans over 2.7 million people. As a result of these multifaceted demand generators, El Paso is one of the strongest markets across all asset types. As of Q1 2024, it had vacancy rates of 2.6% for retail and 5.5% for office, both significantly lower than the national average and other Texas markets.