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$460,000

3018 Alameda Ave, El Paso, TX, 79905

On MarketInfo
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CommercialInfo
Baths0 Bath
Baths2,891 Sq Ft
Year BuiltBuilt in 1940

About this property

Prime commercial opportunity at the corner of Alameda and Magoffin, conveniently located near Downtown! This property features two separate business spaces, offering excellent flexibility for owner-users or investors. One space is currently vacant with private bathrooms and entry, while the second is an updated office featuring new flooring, kitchenette, multiple storage areas. A spacious warehouse/garage provides abundant storage or operational flexibility and includes a mechanical overhead door and convenient alley access at the rear. The property features refrigerated air wall units and an attractive cantera exterior, adding character and curb appeal. Ideal location with excellent visibility and easy access to Downtown and surrounding areas!

Investor Tools

$0Estimated Mortgage Balance
$307,650Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,760 /month
Positive
Cash Flow Estimate:
$920 /month

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Jack Bumgardner

ERA Sellers & Buyers Real Esta

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$502/month
No HOA
5.947%

Learn About the Market: Opportunity in El Paso

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El Paso

El Paso is one of Texas’ most unique housing markets, combining affordability, military employment, international trade, and a strong regional identity. Located on the U.S.–Mexico border, the city serves as a major center for logistics, healthcare, education, manufacturing, and defense-related industries.

The city’s housing market is supported by the presence of Fort Bliss, one of the largest military installations in the United States. Compared to many other Texas metros, El Paso offers relatively affordable homeownership opportunities while maintaining stable demand from local residents, military personnel, and investors.

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Population Growth

Population Growth

0.6%

Net Migration

Net Migration

Stable

Median Home Price

Median Home Price

$184,500

Unemployment Rate

Unemployment Rate

4.0%

Price Trend

Price Trend

+1.6% YoY

New Permits

New Permits

Dynamic Permit Feed

City: El Paso

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