$1,099,900

309 E Mills Avenue

El Paso TX, 79901

Description

Downtown 4 story Hotel with 54 furnished rooms, rents are $450 month and 80% rented, Laundry area, Offices, 5,000' basement can be renovated and most rooms have 3/4 bathrooms, Secured code entry, office, share a bathroom. 5,000' basement space, etc. Building can be converted to condos, office building, restaurant, etc. Wellsfargo Bank across the street, Post office next block,shopping, bars, restaurants, This hotel is 80% rented and is ready for the Future downtown boom.Bills: Gas bill: $1,200, Electric: $1,600 and Water: $1,200 also $4,700 Insurance, annual taxes approx $19,466 annually. Great time to invest in a hotel downtown.

Details

MLS#818254
StyleRetail
Sub-TypeResale
StatusActive
Days On Site32

Features

SQ Feet22,400
Story(s)4
ZoningC5

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Area Information

StateTX
CountyEl Paso
CityEl Paso
Zip Code79901
AreaEl Paso
Listing VS Median (in 79901)
Price:
$1,099,900
low | high
Med:
$310,000
100% of Average
SqFt:
22,400
low | high
Med:
1,463
100% of Average
$ / SqFt:
$49
low | high
Med:
$150,055
100% of Average
On Site:
32
low | high
Med:
129
24.806201550388% of Average
Listing Updated: 12/08/2019
MLS Number: 818254
Listing Provided By:
Yolie Moran Moran  of  Home Pros Real Estate Group