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.
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Listing information provided courtesy of the Greater El Paso Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 16th January, 2021 10:39 AM