Elgin Commercial Property with Venue

412 Depot St, Elgin, TX 78621

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For Sale

$2,900,000

6.5-acre commercial property with 6,500 sq. ft. building.

Type:Commercial

Property size:

6,500 SF

Lot size:

6.06 Acres

Price / SF:

$446/SF

HighLights

Prime location just off Highway 290 with excellent visibility and accessibility.
Large 6.5‑acre commercial property with flexible zoning and ample space for future development.
Well‑maintained 6,500 sq. ft. building currently operating as a successful wedding/event venue.
Fully equipped commercial kitchen and elegant interior spaces suitable for large gatherings.
Expansive parking for up to 100 vehicles.
Three gated entrances/exits and a durable metal privacy fence providing security.

We can help!

Contact an agent

Cynthia Gonzalez

For Sale

$2,900,000

6.5-acre commercial property with 6,500 sq. ft. building.

Type:Commercial

Property size:

6,500 SF

Lot size:

6.06 Acres

Price / SF:

$446/SF

Added:: Mar 11, 2026
Days on Market:: 119
Last Refresh:: Jul 2 at 8:47 pm

Property Features for 412 Depot St

General Information

Standard status: Active
Size: 6,500 SF
Lot size: 6.06 Acres
Property subtype: Commercial

Building Details

Year Built: 1950

We can help!

Contact an agent

Cynthia Gonzalez

Listing office

Listing date Mar 11, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Cynthia Gonzalez

HighLights

Prime location just off Highway 290 with excellent visibility and accessibility.
Large 6.5‑acre commercial property with flexible zoning and ample space for future development.
Well‑maintained 6,500 sq. ft. building currently operating as a successful wedding/event venue.
Fully equipped commercial kitchen and elegant interior spaces suitable for large gatherings.
Expansive parking for up to 100 vehicles.
Three gated entrances/exits and a durable metal privacy fence providing security.

Overview

This 6.5-acre commercial property is located in Elgin, Texas. The property includes a 6,500 sq. ft. building, currently operating as a wedding and event venue. The building features multiple restrooms and a fully equipped commercial kitchen, with interior spaces designed for large gatherings. Additional structures include a separate 2-car garage. The property provides parking space for up to 100 vehicles. A metal privacy fence surrounds the grounds, which also feature three gated entrances and exits. The location is just off Highway 290, providing visibility and accessibility. The property's flexible zoning and ample space allow for future development. It is suitable for continued use as an event venue or redevelopment as office, retail, hospitality, or a mixed-use concept.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$273.0k	$42.00
− Vacancy	−$66.3k	−$10.21
EGI	$206.7k	$31.79
− OpEx	−$51.7k	−$7.95
NOI	$155.0k	$23.85

6,500 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.21M

$1.94M – $2.58M (±1% cap)

NOI $154,996 @ 7.0% cap · market cap 5.34%

Second Best

Specialty Retail

$1.75M

$1.53M – $2.04M (±1% cap)

NOI $122,629 @ 7.0% cap · market cap 4.23%

Theoretical Best

Office A

$2.55M

$2.23M – $2.97M (±1% cap)

NOI $178,299 @ 7.0% cap · market cap 6.15%

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

Property Profile Location Intelligence

Current Use by Public Records

Wedding venues

Suggested Use

Location Insight

Map
Local Demand

City: Elgin
County: Bastrop
State: Texas
Longitude: -97.3754
Latitude: 30.3465

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For sale
Wedding venues
TX
Elgin
78621
412 Depot St

What type of property is this?

Wedding venue - 6.5-acre commercial property with 6,500 sq. ft. building.

Where is this wedding venue located?

The property is located at 412 Depot St Elgin, TX.

What is the asking price?

The asking price for this property is $2,900,000.

What are key features of this property?

This property features: Prime location just off Highway 290 with excellent visibility and accessibility.; Large 6.5‑acre commercial property with flexible zoning and ample space for future development.; Well‑maintained 6,500 sq. ft. building currently operating as a successful wedding/event venue.