PROPERTY OVERVIEW DETAILS These two properties have been one of El Paso s premier hot spots and paved the way for the trendy Union Depot Entertainment 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 boutique hotels, as well as multiple residential and retail developments. Building: 35,000 +/- SF (combined) Price: $2,838,000.00 Year Built: Zoning: FEATURES: 1905, 1914 (recently remodeled) UP (Entertainment District) - - 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. WWW.CBCLRG.COM Coldwell Banker Commercial/. 2015 Coldwell All Rights Reserved. Coldwell Banker Real Estate LLC,
City Hall Coldwell Banker Commercial/. 2015 Coldwell All Rights Reserved. Coldwell Banker Real Estate LLC,
Coldwell Banker Commercial/. 2015 Coldwell All Rights Reserved. Coldwell Banker Real Estate LLC,
511 Western 115 Durango Year Built: 1905 (Remodeled 2017) Building Size: Lot Size: Zoning: Construction: 15,818 (10,000 Ground) +/- Sq.Ft. 15,810 (plus 3,000) +/- Sq.Ft. UP (Entertainment District) 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: Capitalization Rate: $81.36 (Includes Basement) 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 downtown development virtually controlling the heart of the Union Depot Entertainment District! Year Built: 1914 (Remodeled 1999) Building Size: Lot Size: Zoning: Construction: 20,000 (10,257 Ground) +/- Sq.Ft..24 +/- AC UP (Entertainment District) 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: Price: $1,560,000.00 Price per Square Foot: Capitalization Rate: $ 140,464.00 (after Reserves) $78.00 (Includes Basement) 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! 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 Lewis. 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 representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage 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 occupancy 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. Coldwell Banker Commercial/. 2015 Coldwell All Rights Reserved. Coldwell Banker Real Estate LLC,
Coldwell Banker Commercial/. 2015 Coldwell All Rights Reserved. Coldwell Banker Real Estate LLC,
Coldwell Banker Commercial/. 2015 Coldwell All Rights Reserved. Coldwell Banker Real Estate LLC,
Coldwell Banker Commercial/. 2015 Coldwell All Rights Reserved. Coldwell Banker Real Estate LLC,
Daytime Employment: 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 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 Service 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 Companies 2 4 5 26 32 35 13 8 7 Health Care & Social Assistance 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, Fishing 2 7 9 3 22 26 2 3 3 Other Services 118 360 673 929 2,953 4,458 8 8 7 Expenditures: 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 Coldwell Banker Commercial/. 2015 Coldwell All Rights Reserved. Coldwell Banker Real Estate LLC,
Coldwell Banker Commercial/. 2015 Coldwell All Rights Reserved. Coldwell Banker Real Estate LLC,