Meghan Tate - Coldwell Banker Legacy
5012 Alameda Ave
El Paso, TX 79905

$3,950,000

Description

This is a strip center that generates approximately $30,000.00 a month in rent. It is old and you may argue it's expensive, and I agree. Due to the seller tax situation it has to sell for a number very close to the asking price. All of us who live in El Paso, TX will love to see this property integrate with the UMC Children's Hospital etc. The value on this property, will be in redeveloping it and create a multi level student and doctors housing so they can be close to the hospital and and the same time have their families with them. Also, we can have a retail element of the first floor such a cafe spot, gym, laundry, and other services required in the area. If a developer is interested it will be a good idea to speak to the directors of the existing projects across the street to explore some kind of different possibilities.

Details

MLS#744308
Sub-TypeResale
StatusActive
Days On Site202

Features

Story(s)0
ZoningC4

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Area Information

StateTX
CountyEL PASO
CityEl Paso
Zip Code79905
AreaEL PASO
Listing VS Median (in 79905)
Price:
$3,950,000
low | high
Med:
$115,000
100% of Average
On Site:
202
low | high
Med:
105
100% of Average
Listing Updated: 10/17/2018
MLS Number: 744308
Listing Provided By:
Juan Uribe  of  Team Juan Uribe