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    301 Highway 290 Elgin, TX 78621

    For Sale
    $2,600,000

    Highway 290 Frontage, 7 Acres, High Traffic

    Property size:
    9,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional 7.06-acre commercial property boasts 9,000 square feet of versatile space, perfectly positioned on Highway 290 East in Elgin, Texas. The property benefits from a high daily traffic count of 52,950 vehicles, as reported by TxDOT, presenting a significant opportunity for businesses seeking high visibility. The existing metal storage building, measuring 145 feet by 60 feet, features a concrete slab and foam insulation, ensuring durability and energy efficiency. The building's clean and ready-to-occupy condition minimizes upfront investment for potential buyers. Located within the ETJ (Extra Territorial Jurisdiction) of Elgin, the property is unzoned, offering flexibility for a wide range of commercial uses. A readily available water line is situated at the front of the property, adding to its convenience and utility. Elgin's recent growth trajectory makes this a prime investment opportunity for discerning buyers seeking commercial frontage in a thriving Texas market. The expansive acreage provides ample room for expansion or future development, catering to a variety of business needs. This property presents a unique blend of existing infrastructure and development potential, making it an attractive proposition for entrepreneurs and investors alike. The asking price is $2,600,000.

    Property Features for 301 Highway 290

    General Information

    Property type
    Other commercial real estate
    Square Feet
    9,000 SF
    Lot Size
    307,534 SF

    Building Details

    Year Built
    2015
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Bastrop
    State
    Texas
    Longitude
    -97.35596
    Latitude
    30.33214

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    FAQs

    What type of property is this?
    Commercial real estate - Highway 290 Frontage, 7 Acres, High Traffic
    Where is this commercial real estate located?
    The property is located at 301 Highway 290 Elgin, TX.
    What is the asking price?
    The asking price for this property is $2,600,000.
    (512) 255-5050
    Request Owner's contact information
    301 Highway 290 Elgin, TX 78621
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    Elgin, TX 78621
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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
    301 Highway 290 Elgin, TX 78621
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