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Listed by Century 21 The Edge
$ 975,000
Est. payment | /mo
43,124 SqFt
$ 975,000
Est. payment | /mo
43,124 SqFt
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 43,124 sqft
Price per Sqft $22
Subdivision Woodlawn
MLS Listing ID 943261
Lot Size 0.990 Acres
Acres 0.99
Source Greater El Paso Association of REALTORS®
Property Description
Please do not disturb Tenants. Prime investment opportunity in the heart of Central El Paso! This unique income-producing property spans nearly a full city block at 3815 Alameda Ave, 0.99 acres zoned C-4 along Alameda and M-1 along Frutas. Ideally located near El Paso Children's Hospital and the Paul L. Foster School of Medicine.
The property features a mobile home park with 8 efficiency apartment units, along with a 1134 sq ft building currently leased to a church, providing multiple income streams offers exceptional flexibility for a variety of commercial, industrial, or redevelopment uses.
While the improvements are older, the property is functional and currently occupied, with rents well below market--presenting a strong value-add opportunity for investors looking to increase cash flow. With significant upside potential through repositioning, rent adjustments, or redevelopment, this is an ideal project for both seasoned investors and those seeking long-term growth. All tenants are month to month.
The property features a mobile home park with 8 efficiency apartment units, along with a 1134 sq ft building currently leased to a church, providing multiple income streams offers exceptional flexibility for a variety of commercial, industrial, or redevelopment uses.
While the improvements are older, the property is functional and currently occupied, with rents well below market--presenting a strong value-add opportunity for investors looking to increase cash flow. With significant upside potential through repositioning, rent adjustments, or redevelopment, this is an ideal project for both seasoned investors and those seeking long-term growth. All tenants are month to month.
Location
State TX
County El Paso
Community Woodlawn
Zoning C4
Interior
Heating Electric
Fireplaces Number 9999
Fireplace Yes
Exterior
Utilities Available All City, All Utilities
Building
Story 1
Sewer Public Sewer
Water City
Level or Stories 1
Others
Tax ID W88699900600100
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/gepar/943261
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