10197 Alameda AveSocorro, TX 79927

Property Details for 10197 Alameda Ave

Year built

1986

Construction

WOOD

Lot size

0.62 AC

Property size (Sq ft)

4,340 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

P525-000-0010-0100

APU

P52500000100100

Description

This exceptional turnkey opportunity presents a 4,340 square foot convenience store and gas station located at 10197 Alameda Avenue in Socorro, Texas, listed at $1,500,000. The property boasts a 100% occupancy rate and features a new walk-in beer cave, state-of-the-art coolers, upstairs offices, and a conference room. This owner-user investment is ideally suited for an operator seeking a fully equipped, ready-to-run business. The location benefits from high traffic volume, exceeding 20,000 vehicles daily on Alameda Avenue, and is situated near major retailers including Walmart, McDonald's, Subway, and more. The property's value is further enhanced by its proximity to a new car wash development breaking ground in 2024, projected to increase foot and vehicle traffic significantly. This represents an exceptional opportunity to acquire a well-established business and real estate asset at a price point significantly below replacement cost, offering substantial value for discerning buyers. The Socorro, TX location benefits from significant year-over-year population growth, ensuring a strong and stable customer base for years to come. The property's 79927 zip code and Texas location are key features for potential investors. This is a rare chance to own a thriving business in a high-growth area.

• CAP approach

  CAP return

  Valuation

  6%

  $632,136

  6.5%

  $583,510

  7%

  $541,831

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,819,884

  Geo Method

  $1,819,884

• Alternative Use

  Use

  Valuation

  Residential

  $492,213

  Hospitality

  $450,864

  Educational

  $375,114

  Medical

  $388,014

  Retail

  $583,510

Location Insight

City

Socorro

County

El Paso

State

Texas

Latitude

31.6563

Longitude

-106.292

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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