3123 Cypress AveEl Paso, TX 79905

For Sale
$799,000

4,199 SF NNN Retail Center, Vacant

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 4,199 square foot shopping center located at 3123 Cypress Ave, El Paso, TX 79905. The property, built in 2014 and renovated the same year, sits on an 11,090 square foot lot and is zoned C1. The single-story building comprises four units totaling 4,199 square feet, currently vacant, offering significant upside potential. Recent rental history indicates a total monthly rent of $4,600, with a breakdown of $1,000 for one unit and $1,200 for the other three. CAM charges are included in the rent, averaging $300 per month for the $1,200 units and $200 for the $1,000 unit. Lease terms are not specified. The property boasts a six-year-old roof and is in excellent overall condition. Planned improvements include a parking lot resurfacing this year. Annual property taxes are $7,600, and insurance is approximately $5,000 annually. The owner currently covers water (approximately $140 monthly), trash ($81 monthly), and some electricity for signage (approximately $30 monthly), totaling roughly $1700 in monthly expenses. This Net Lease property presents a strong value proposition at an asking price of $799,000 ($190.28/SF). The property's location in El Paso, Texas, offers excellent visibility and access.

Highlights

  • $799,000 asking price for this El Paso, TX shopping center.
  • 4,199 square feet on a 11,090 square foot lot.
  • Net lease investment opportunity with a vacant tenancy.
  • Two tenants, four units totaling $4,600 in monthly rent.
  • Built in 2014, single-story building with C1 zoning.

Property Details for 3123 Cypress Ave

Property type
Lifestyle centers, Power centers
Square Feet
4,199 SF
Year Built/Renovated
2014/2014
Buildings
1
Stories
1
Units
4

Location Insight

City
El Paso
County
El Paso
State
Texas
Latitude
31.7689357
Longitude
-106.4572601
3123 Cypress 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].
3123 Cypress 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