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$3,100,000

402 S El Paso St, TX, 79901

On MarketInfo
CommercialInfo
Baths10,200 Sq Ft
Year BuiltBuilt in 1910

Highlights

Interior

Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling

Exterior

Lot Size12,240 sqft

Building Information

Year Built1910
Stories1
Roof Type105

Land Information

APNM473-999-0340-4500
SubdivisionMills
Land UseCommercial
Legal Description34 MILLS 102.00 FT ON EL PASO X 120.00 FT BEG 158.00 N OF SWC (12240.00 SQ FT)
Census Tract001700
Assessed Land Value$242,575
Assessed Improvement Value$189,497
Assessment Year2025

About this property

Located at 402 S. El Paso Street, just steps from the international bridge, this well-maintained three-story commercial building offers a rare opportunity to acquire a high-visibility asset in the heart of Downtown El Paso. The property features approximately 22,200 square feet of rentable space, consisting of 10,200 SF on the first floor, 1,800 SF on the second floor, and 10,200 SF on the third floor. All floors are equipped with central heating and air conditioning, providing year-round comfort for tenants and users. Positioned in a high pedestrian and vehicular traffic corridor, the building benefits from constant exposure to cross-border foot traffic, local shoppers, and commuters. Its proximity to Plaza Lagartos, major hotels, restaurants, retail, and key downtown attractions further enhances its appeal for retail, office, hospitality, or mixed-use concepts. The building is currently income-producing, with additional upside potential through lease-up of vacant or underutilized space,.

Investor Tools

Property Icon
$432,072
Estimated Property Value
$2,000,000Estimated Mortgage Balance
$0Estimated Equity
-363% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$18,600 /month
Positive
Cash Flow Estimate:
$6,200 /month

Interested in this property?

Armando Sarti

Keller Williams Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,425/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,937
$432,072
2025
$242,575
$189,497
$432,072
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,937
$432,072

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Shaya Holland
Commercial
$2,000,000
No
First
Feb 16, 2009
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,142,918
N/A
0%
265%
$11,992/mo

Learn About the Market: Opportunity in El Paso

Local Market Pages

Explore

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

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City: El Paso

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402 S El Paso St | Property Details | No Agent List