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$1,099,899
309 E Mills Ave, El Paso, TX 79901
0 Beds
0 Baths
22,400 sqft

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Historic Hotel commercial property downtown,''The De Soto Hotel'' has been in the downtown El Paso scene for over 100 years. The famous Hotel has 54 furnished rooms, rents are approximate $400-$450 per month. The building comes equipped with Secured code entry, Laundry area, office work areas with a shared bathroom, 5,000 sqft basement space, and store frontage available for lease.Recently approved by the Planning Division/Planning Inspections of El Paso TX for Infill Development incentive policy. Another available incentive policy is the Transit-Oriented Development (TOD) incentive policy. Incentives in the form of Building and Planning Permit Fee Rebates, Construction Materials Sales Tax Rebates, Property Tax Rebates, etc. available!Many opportunities to convert this commercial gem to condos, offices, and even a restaurant for mixed uses.Take advantage of the opportunity and contribute to the boom of DT El Paso.
  • Price:
  • $1,099,899
  • Square Footage:
  • 22,400
  • Acreage:
  • 0.12
  • Listing ID #:
  • 831648
  • Street Address:
  • 309 E Mills Ave
  • City:
  • El Paso
  • State:
  • Texas
  • Postal Code:
  • 79901
  • County:
  • El Paso
  • Subdivision:
  • Mills
  • Listing Status:
  • Active
  • Construction Description:
  • Brick
  • Features:
  • Paving
  • Stories:
  • 4
  • Total Building Square Footage:
  • 22400
  • Licenses:
  • Historic Reg. Ldmk/Overly, None
  • Conforms To Zoning:
  • C5
  • Lot Features:
  • Yes
  • Lot Square Footage:
  • 5233
  • Suitable Use:
  • Bar/Tavern/Lounge, Hotel/Motel, Restaurant, Retail, Shopping Center, Showroom
  • Financing Options:
  • Cash, Conventional
  • Lease Terms:
  • Month To Month
  • Price Per Square Foot:
  • 49.10
  • Cooling System:
  • Window Unit(s)
  • Existing Water:
  • City
  • Heating:
  • Central, Natural Gas
  • Hvac:
  • Yes
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By: Home Pros Real Estate Group
  • ELPASO

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