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    640 Edinburg Ave Elsa, TX 78543

    For Sale
    $750,000

    High-Income Generating Commercial Property

    Property size:
    4,820 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 3-acre commercial property in Elsa, Texas, presents a lucrative investment opportunity. The main building, currently operating as a successful event center under lease until January (then month-to-month), generates $1500 monthly income. Its versatile design allows for immediate use as a restaurant, and the kitchen appliances are included in the sale. The property also features a 20-unit storage facility, producing approximately $1400 in monthly rental income. An outdoor entertainment area is suitable for bands and events. Adding to the income stream, a separate area leased month-to-month to a wrecker service generates an additional $500 per month. The 4,820 square foot main building is complemented by ample outdoor space, ideal for expansion or further development. The current tenant arrangements offer immediate cash flow, while the property's diverse uses and high rental income potential make it an attractive investment for a wide range of buyers. This turnkey operation is ready for a new owner to capitalize on its existing revenue streams and explore further growth opportunities. The sale includes the kitchen appliances

    Property Features for 640 Edinburg Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,820 SF
    Lot Size
    130,680 SF

    Building Details

    Year Built
    2016
    Property Profile Location Intelligence

    Current Use by Public Records

    South Texas Smokehouse ... Restaurant Taqueria Mexi-Taco Mexican Restaurant

    Suggested Use

    Storage Facility Wholesale Shop Cafe & Coffee Shop Car Rental Computer & Electronic Repair Pawn Shop Tech Support Center Cosmetics Store Home Appliance Store Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elsa
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.00407
    Latitude
    26.29271

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    FAQs

    What type of property is this?
    Commercial real estate - High-Income Generating Commercial Property
    Where is this commercial real estate located?
    The property is located at 640 Edinburg Ave Elsa, TX.
    What is the asking price?
    The asking price for this property is $750,000.
    (956) 968-8900
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    640 Edinburg Ave Elsa, TX 78543
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    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
    640 Edinburg Ave Elsa, TX 78543
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