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Central Commercial Investment Property 2329-2331 Magoffin Ave

9,586 SF Retail Building El Paso, TX 79901 $699,000 ($73/SF) 11.03% Cap Rate

Retail Buildings Texas El Paso 2329-2331 Magoffin Ave, El Paso, TX 79901

INVESTMENT HIGHLIGHTS

  • Central Commercial Investment Property
  • 2 Storefronts, 3 Apartments, 1 Warehouse/ Shop with Office
  • Easy Access to I-10, Loop 375 and the El Paso/Juarez Border

EXECUTIVE SUMMARY

Central commercial investment property on Magoffin with easy access to 1-10, Loop 375 and the El Paso/Juarez border. This property consists of two storefronts (church and jean shop), 3 Apartments, and a vacant newly updated warehouse/shop with an office. Perfect for an owner/user or investor!
Highlights:
· Church: 800 sf
$680/Mo.
· Jean Co : 1,400 sf
$1,700/Mo.
· Shop/Warehouse: 3,340 sf
$2,000/Mo.
· 3 Apartments: 2 Bed, 1 Bath
$3,260/Mo.
· NOI: $77,130
· CAP Rate: 11.03%

ATTACHMENTS

2331 Magoffin

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,586 SF
Building Class
C
Year Built
1962
Price
$699,000
Price Per SF
$73
Cap Rate
11.03%
NOI
$77,100
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.80
Lot Size
0.28 AC
Zoning
C4 - Regional Commercial
Parking
20 Spaces (2.09 Spaces per 1,000 SF Leased)
Frontage
90 FT on Magoffin Ave

AMENITIES

  • Bus Line

LINKS

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Walk Score®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
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, Transit Score® & Bike Score?
Walk Score® measures the walkability
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measures access to public transit. Bike Score®
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Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

The YMCA
La Michoacana Meat Market
Jazzercise
Lowe's Supermarket

PROPERTY TAXES

Parcel Number B202-999-0350-7900 Improvements Assessment $195,273
Land Assessment $37,200 Total Assessment $232,473

PROPERTY TAXES

Parcel Number
B202-999-0350-7900
Land Assessment
$37,200
Improvements Assessment
$195,273
Total Assessment
$232,473
(915) 328-9992

CONTACT

  • Listing ID: 31269902

  • Date on Market: 3/19/2024

  • Last Updated:

  • Address: 2329-2331 Magoffin Ave, El Paso, TX 79901

More public record information on 2329-2331 Magoffin Ave, El Paso, TX 79901

The Downtown El Paso Retail Property at 2329-2331 Magoffin Ave, El Paso, TX 79901 is currently available. Contact RC Properties for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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Central Commercial Investment Property | 2329-2331 Magoffin Ave
(915) 328-9992 x

Central Commercial Investment Property | 2329-2331 Magoffin Ave

Roland Correa

(915) 328-9992

(915) 328-9992

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