Absolute Auction, 1 AC El Paso Msa
10401 Socorro Road : El Paso, TX 79907
El Paso County, Texas
Land Description
Investment Highlights:
• Corner lot at an Intersection with excellent visibility
• Zoned C-1-Commercial District offering flexible favorable zoning
• Absolute $1 Auction-No reserve
Offering Details:
CBRE and RealINSIGHT Marketplace are pleased to present a ±1 acre land parcel located at 10401 Socorro Rd in El Paso, TX (the “Property”) within the El Paso Msa. This Property offers an exceptional investment opportunity via development and First BID Meets Reserve.
The Property is an undeveloped, vacant parcel and offers potential investors the ability to acquire raw land with significant value-add through development and long-term lease-up. The Property is zoned C-1, Commercial District, and offers favorable flexible zoning that allows for a variety of uses intended to provide compatible neighborhood convenience goods and services that serve day-to-day needs. This zoning permits locations for business and professional offices and retail category uses within adjacent residential areas of medium and high densities.
The Property is located on a main area thoroughfare and positioned on a corner lot at the intersection of Socorro Road and Nicholas Road. The Property benefits from excellent visibility in a high traffic area with direct frontage on Socorro Rd with ±14,444 VPD (2018). The Property is located just ±0.1 miles from a bus stop which offers service from the Mission Valley Transfer Center to Epcc Mission del Paso Campus and Socorro at San Antonio en San Elizario via Americas Ave, Alameda Ave, and Socorro Rd. The Property is located near Tx-375 and just five miles from I-10 which offers excellent accessibility to the broader area and those commuting to El Paso for work daily.
The Property is strategically positioned within the East Submarket just ±20 minutes from downtown El Paso in an office/industrial corridor with dense residential nearby. The Property is also positioned near local demand generators and proximate to Walmart Neighborhood Market anchored center (±1.5 mile), Socorro High School (±1.6 miles), Salvador H. Sanchez Middle School (±1.7 miles), El Paso Zoo (±13 miles) and El Paso International Airport (±30 minutes). The Property is located near the Texas/Mexico border and is only 15 minutes from Ciudad Juárez, Chihuahua, Mexico. The Property also benefits from extremely dense and compelling demographics and has a population of ±102,151 with an annual household income of ±$44,193 within a five-mile radius (2018).
