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Lewis Realty Group, Inc 511 Western & 115 Durango , El Paso, TX 79901

Direct (915)544-5205 Main (915)544-5205

Fax (915)544-2886 Cell (915)204-5883

Tommy Lewis WWW.CBCLRG.COM

Coldwell Banker Commercial/Lewis Realty Group, Inc.

FOR MORE DETAILS CONTACT:

CBCWorldwide.com

Investment Property For Sale

PROPERTY OVERVIEW DETAILS

Building: 35,000 +/- SF (combined)

Price: $2,838,000.00

Year Built: 1905, 1914 (recently remodeled)

Zoning: UP (Entertainment District)

FEATURES: - Investment Property

- Restaurant and Night Club

- Fully Equipped

AREA DESCRIPTION: In the heart of downtown El Paso, excellent appeal inside and out. One of El Paso’s hippest night spot walking distance to the ball park, convention center and hotels.

These two properties have been one of El Paso’s premier hot

spots and paved the way for the trendy Union Depot Entertain-

ment District. This property is in the heart of the Downtown, just

one block from the new Chihuahua stadium and the El Paso

Convention Center. The property consists of over 35,000

square feet not including the “patio” areas, with a fully equipped

restaurant, seven separate bar areas, plus basement and is

leased to well established operators. Downtown revitalization is

underway with many projects in the works, including plans for a

new $180 Million arena, a new convention style hotel, new bou-

tique hotels, as well as multiple residential and retail develop-

ments.

©2015 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC,

dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned

and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell

Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.

Lewis Realty Group, Inc

Direct (915)544-5205 Main (915)544-5205

Fax (915)544-2886 Cell (915)204-5883

Tommy Lewis WWW.CBCLEWISREALTYGROUP.COM



7338 Remcon Cir. Ste. 100

El Paso, TX 79912

CBCWorldwide.com






City Hall

511 Western & 115 Durango , El Paso, TX 79901


Direct (915)544-5205 Main (915)544-5205

Fax (915)544-2886 Cell (915)204-5883





El Paso, TX 79912

CBCWorldwide.com








Direct (915)544-5205 Main (915)544-5205

Fax (915)544-2886 Cell (915)204-5883





El Paso, TX 79912

CBCWorldwide.com







Year Built: 1914 (Remodeled 1999)

Building Size: 20,000 (10,257 Ground) +/- Sq.Ft.

Lot Size: .24 +/- AC


Construction: Brick/Concrete

Potential Gross Income: $ 194,568.00

Less Vacancy (8%): $ 15,565.00 (Current Occupancy 70%)

Operating Expense: $ 38,538.00 (Per Owner)

Net Operating Income: $ 140,464.00 (after Reserves)

Price: $1,560,000.00

Price per Square Foot: $78.00 (Includes Basement)

Capitalization Rate: 9.00% (estimated)

Notes: Currently leased to established bars and

fully equipped restaurants with below market rents. One vacancy of

3,000 sf with a lease pending being negotiated. Current pro-forma

does not consider rental income from the basement areas. The sales

price for the properties combined is $2,838,000.00 estimated to be a

9% plus CAP rate with significant upside potential. This investment

opportunity allows an investor to capitalize on downtown development

virtually controlling the heart of the Union Depot Entertainment District!

511 Western 115 Durango

Year Built: 1905 (Remodeled 2017)

Building Size: 15,818 (10,000 Ground) +/- Sq.Ft.

Lot Size: 15,810 (plus 3,000) +/- Sq.Ft.


Construction: Brick/Concrete

Potential Gross Income: $ 162,500

Less Vacancy (5%): $ 8,125.00 (Current Occupancy 100%)

Operating Expense: $ 42,500.00 (Per Owner)

Net Operating Income: $ 111,845.00

Price: $1,278,000.00

Price per Square Foot: $81.36 (Includes Basement)

Capitalization Rate: 8.75% (estimated)

Notes: Currently leased to The Venue at Union

Depot for five years. Fully equipped restaurant with below market rent.

Current pro-forma does not consider rental income from the basement

areas. The sales price for the properties combined is $2,838,000.00

estimated to be a 9% plus CAP rate with significant upside potential.

This investment opportunity allows an investor to capitalize on down-

town development virtually controlling the heart of the Union Depot

Entertainment District!

The information contained in the following marketing brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it

from Coldwell Banker Commercial Lewis Realty Group and should not be made available to any other person or entity without the written consent of CBC Lew-

is. This marketing brochure has been prepared to provide summary, unverified information to prospective purchasers and to establish a preliminary interest in

the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. CBC Lewis makes no warranty or repre-

sentation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square foot-

age of the property and improvements, the presence or absence of contamination substances, the compliance with State and Federal regulations, the physical

condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occu-

pancy of the subject property. The information contained in this marketing brochure has been obtained from sources we believe to be reliable. All potential

buyers must take appropriate measures to verify all of the information set forth herein.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR COLDWELL BANKER COMMERIAL LEWIS REALTY GROUP AGENT FOR

MORE DETAILS.


Direct (915)544-5205 Main (915)544-5205

Fax (915)544-2886 Cell (915)204-5883





El Paso, TX 79912

CBCWorldwide.com








Direct (915)544-5205 Main (915)544-5205

Fax (915)544-2886 Cell (915)204-5883





El Paso, TX 79912

CBCWorldwide.com






Food & Alcohol: (in thousands)

Total Food & Alcohol 26,162 94,774 245,730 29,994 108,598 280,775

Food at Home 16,060 56,233 144,477 18,452 64,492 165,291

Food Away From Home 8,466 32,546 85,947 9,746 37,485 98,661

Alcoholic Beverages 1,636 5,994 15,305 1,795 6,620 16,823

Total Businesses 1,985 4,928 7,482 21,140 47,696 75,183 11 10 10

Retail 268 556 881 1,900 3,564 7,396 7 6 8

Wholesale 48 196 286 862 1,948 2,640 18 10 9

Hospitality & Food Ser-vice

99 263 401 1,354 3,555 5,405 14 14 13

Real Estate, Renting, Leasing

70 153 280 366 673 2,526 5 4 9

Finance & Insurance 212 423 645 1,765 2,639 3,538 8 6 5

Information 36 86 133 1,086 1,959 2,835 30 23 21

Scientific & Technology Services

459 937 1,149 1,967 4,121 5,342 4 4 5

Management of Compa-nies

2 4 5 26 32 35 13 8 7

Health Care & Social As-sistance

286 1,100 1,738 3,156 11,867 18,780 11 11 11

Education Services 24 75 130 530 2,226 4,282 22 30 33

Public Administration & Sales

196 232 275 5,342 6,028 7,315 27 26 27

Arts, Entertainment, Recreation

49 78 120 360 639 919 7 8 8

Utilities 2 5 9 313 327 356 157 65 40

Admin Support & Waste Management

42 120 193 350 1,184 2,603 8 10 13

Construction 46 197 345 203 1,472 2,867 4 7 8

Manufacturing 26 136 210 628 2,487 3,860 24 18 18

Agriculture, Mining, Fish-ing

2 7 9 3 22 26 2 3 3

Other Services 118 360 673 929 2,953 4,458 8 8 7

Business Employment By Type

# Businesses # Employees # Emp/Bus

Radius 1 Mile 3 Mile 5 Mile 1 Mile 3 Mile 5 Mile 1 Mile 3 Mile 5 Mile

Daytime Employment:

Expenditures:



Direct (915)544-5205 Main (915)544-5205

Fax (915)544-2886 Cell (915)204-5883





El Paso, TX 79912

CBCWorldwide.com ©2015 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC,





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