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Property profile

514 Broadway St Elsa, TX 78543

OFF-MARKET
Commercial real estate
1,600 SF 0.06 ac lot Built 1985
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Property summary

AI-generated overview

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 profile

Verified
Property type Commercial real estate
Year built 1985
Total area 1,600 SF
Lot 0.06 ac (2,614 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

514 Broadway St Elsa, TX 78543
Elsa metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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