Property 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. Year built 1980

Features
: Central, Natural Gas
: Window unit(s)
: Brick
: Paving
: Cash, Conventional
: All city
: City
: El paso water
Additional Information
$49
Month to Month
M47399901004900
E
2019
Home Pros Real Estate Group

Commercial For sale

309 Mills Avenue, El Paso, Texas 79901

22,400 Sqft
$1,099,900
Listing ID #818254
Basic Details
Status : Active
Property Type : Commercial
Listing Type : For sale
Price : $1,099,900
Listing ID : 818254
Square Footage : 22,400 Sqft
State : TX
County : El Paso
City : El Paso
Zipcode : 79901
Subdivision : Mills
Agent info
Contact Agent
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