404 6Th AveEl Paso, TX 79901

For Sale
$320,000

High-Yield Convenience Store, Great Location

Overview

Added:
Dec 11, 2024
Days on market:
93
This El Paso, Texas, retail property presents a compelling investment opportunity. The 1,500 square foot convenience store and storefront, located at 404-406 E Sixth Ave, boasts a prime location with excellent visibility on Stanton Street, just two blocks from an international crossing. Built in 2004 and renovated in 2020, the Class B property sits on a 3,860 square foot lot and is zoned C-1. Currently 50% occupied, the existing tenant is under lease for two more years at $1,500 per month. The property offers a strong net operating income (NOI) of $26,928, resulting in an attractive 8.42% cap rate. The asking price is $320,000, translating to $213.33 per square foot. The total building area is 3,640 square feet, and 2024 property taxes are $8,055. This owner/user investment presents a unique chance to acquire a well-maintained property in a high-traffic area with significant upside potential. The property's strong cash flow and strategic location make it an ideal investment for both seasoned and new investors seeking a stable and profitable venture in the vibrant El Paso market. The APN is C050-999-0760-5500.

Highlights

  • $320,000 asking price for a 1,500 sq ft retail convenience store/ storefront.
  • 8.42% cap rate with a $26,928 NOI.
  • Located at 404 E 6th Ave, El Paso, TX 79901, in a C-1 zoned lot (3,860 sq ft).
  • Built in 2004, renovated in 2020, Class B building.
  • Currently 50% occupied, with a lease in place for two more years at $1,500/month.

Property Details for 404 6Th Ave

Property type
Other retail properties, Individual retail properties
Square Feet
1,500 SF
Class
B
Year Built/Renovated
2004/2020

Location Insight

City
El Paso
County
El Paso
State
Texas
Latitude
31.7523317
Longitude
-106.4836402
404 6Th Ave, El Paso, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
404 6Th Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message