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    514 Broadway St Elsa, TX 78543

    For Sale
    $130,000

    High-potential, 1600 sq ft commercial property.

    Property size:
    1,600 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 1,600 square foot commercial building is situated in the heart of downtown Elsa, Texas. Located at 514 N Broadway Street, this property presents a significant opportunity for investors or business owners seeking a prime location for redevelopment. The building sits on a 0.06-acre lot and is currently priced at $130,000. While the property requires a complete rehabilitation, its central downtown location offers unparalleled potential. The building has been vacant for an extended period, providing a blank canvas for a wide range of commercial ventures. Its strategic position within Elsa's bustling downtown area ensures high visibility and accessibility. The seller is highly motivated to sell and is open to a cash transaction, making this an attractive proposition for buyers seeking a quick and efficient closing. This is a rare chance to acquire a substantial commercial property in a desirable location at a competitive price. Serious inquiries are encouraged to schedule a viewing and assess the full potential of this revitalization project. The property's size and location make it suitable for a variety of uses, subject to any necessary permits and approvals. Don't miss this chance to own a piece of Elsa's vibrant downtown.

    Property Features for 514 Broadway St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,600 SF
    Lot Size
    2,614 SF

    Building Details

    Year Built
    1985
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elsa
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.99303
    Latitude
    26.29759

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    FAQs

    What type of property is this?
    Commercial real estate - High-potential, 1600 sq ft commercial property.
    Where is this commercial real estate located?
    The property is located at 514 Broadway St Elsa, TX.
    What is the asking price?
    The asking price for this property is $130,000.
    (956) 467-4678
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    514 Broadway St Elsa, TX 78543
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    514 Broadway St Elsa, TX 78543
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