Overview
- Updated On:
- May 31, 2025
- Property ID
- 271926
Description
Investment and redevelopment opportunity Perfectly positioned on a prominent corner parcel this mixed-use property is zoned C4, offering an expansive range of commercial, retail, and mixed-use possibilities. Currently anchored by the well-established Sylvia’s Grocery, a beloved local market complete with a kitchen, this versatile property also features an attached residence and Additionally, two separate income-producing studio rental units provide steady cash flow and stability. Surrounded by multifamily residences and other mixed-use developments, this location benefits from mid-level traffic flow and strong neighborhood engagement. Also included is an attached flexible-use area ideal for private gatherings, entertainment, or event rentals, complemented by a convenient side entrance and an outdoor restroom.
Property Id: 271926
Price: $ 398,750
Property Lot Size: 0 ac
InternetConsumerCommentYN: 1
InternetAutomatedValuationDisplayYN: 1
StreetNumberNumeric: 20272031
ContractStatusChangeDate: 2024-12-17
ListAgentFullName: Fernando Valenzuela
InternetAddressDisplayYN: 1
OnMarketDate: 2024-12-17
InternetEntireListingDisplayYN: 1
CoListAgentFullName: Daniel Astorga
ListAgentLastName: Valenzuela
Cooling: Central Air,Refrigerated,Evaporative Cooling,Window Unit(s)
CumulativeDaysOnMarket: 165
TenantPays: See Remarks
ExistingLeaseType: Call Listing Office
FireplacesTotal: 12000
ListingAgreement: Exclusive Right To Sell
ListAgentFirstName: Fernando
MajorChangeType: Price Reduced
LotSizeUnits: Acres
TaxLegalDescription: 32 BASSETT 29 TO 32
LotSizeSquareFeet: 12196.8
ListingId: 913705
CoListAgentFirstName: Daniel
SourceSystemName: Greater El Paso Association of REALTORS®
SourceSystemKey: 20241213172951076663000000
SpecialLicenses: See Remarks
StateOrProvince: TX
CoListAgentLastName: Astorga
ListOfficeName: 1st Choice Realty
OriginatingSystemKey: 20241213172951076663000000
PhotosCount: 101
OtherStructures: Guest House,Outbuilding,Residence,Workshop,See Remarks
ListingTerms: Cash,Conventional
LockBoxType: None
CoListAgentMlsId: 7658
OriginatingSystemName: Greater El Paso Association of REALTORS®
Utilities: All City
Sewer: Public Sewer
ListingContractDate: 2024-12-17
StreetSuffix: Avenue
OriginatingSystemID: M00000595
StreetNumber: 2027- 2031
StreetName: Magoffin
ListOfficeMlsId: 799511504
MlsStatus: Active
LotSizeArea: 0.28
SourceSystemID: M00000595
ParcelNumber: B20299903209900
ListAgentMlsId: 7742
ParkingFeatures: Guest,Unassigned
Zoning: C4
Heating: See Remarks,Central,Forced Air
ConstructionMaterials: Stucco
DaysOnMarket: 165
StoriesTotal: 1
BusinessType: Restaurant,See Remarks
WaterSource: City
Contract_sp_Information_co_List_sp_Price2: 398750
Contract_sp_Information_co_Listing_sp_Type: Exclusive Right To Sell
Location_sp_Tax_sp_Legal_co_Zoning2: C4
Location_sp_Tax_sp_Legal_co_Parcel_sp_ID: B20299903209900
Location_sp_Tax_sp_Legal_co_Legal2: 32 BASSETT 29 TO 32
Location_sp_Tax_sp_Legal_co_Flood_sp_Zone: No
General_sp_Property_sp_Info_co_Apx_sp_Acres2: 0.28
General_sp_Property_sp_Info_co_Measured_sp_By: Appraiser
General_sp_Property_sp_Info_co_Improved: Yes
General_sp_Property_sp_Info_co_Refrigerated: Yes
General_sp_Property_sp_Info_co_Unimproved: No
General_sp_Property_sp_Info_co_Lot_sp_SqFt: 12000
General_sp_Property_sp_Info_co_HVAC: Yes
General_sp_Property_sp_Info_co_Verification: Actual Records
Remarks_sp_Misc_co_Public_sp_Remarks2: Investment and redevelopment opportunity Perfectly positioned on a prominent corner parcel this mixed-use property is zoned C4, offering an expansive range of commercial, retail, and mixed-use possibilities. Currently anchored by the well-established Sylvia's Grocery, a beloved local market complete with a kitchen, this versatile property also features an attached residence and Additionally, two separate income-producing studio rental units provide steady cash flow and stability. Surrounded by multifamily residences and other mixed-use developments, this location benefits from mid-level traffic flow and strong neighborhood engagement. Also included is an attached flexible-use area ideal for private gatherings, entertainment, or event rentals, complemented by a convenient side entrance and an outdoor restroom.
Exemptions_co_Unknown2: 1
Lease_sp_Terms_co_Month_sp_to_sp_Month2: 1
Lockbox_sp_Type_co_None18: 1
Parking_co_Guest: 1
Parking_co_Unassigned: 1
Property_co_See_sp_Remarks53: 1
Location_co_Corner_sp_Lot2: 1
Utilities_co_All_sp_City: 1
Other Features
Has Cooling System
Has Fireplace
Has Heating System
$ 2,044.47
per month
- Principal and Interest
- Property Tax
- HOA fee
$ 1,546.03
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