Listing Agency: Agency Texas Inc

Listed By: Brian Schaffer · License #0688395 Show Phone

Source: Exprealty

Added: Jul 17 Changed: Oct 6 Last Checked: Oct 16 at 10:54AM

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Investment Insights

Based on property information with market context.

This property is a corner lot with access on three sides. The City has approved plans for four duplexes on the lot, providing a clear path for compatible residential development.

Located at 601 M L K Dr in Elgin, TX, the site is described as being close to Downtown Elgin.

With corner positioning and multi-side access, the lot is designed to support the approved duplex configuration, subject to all applicable conditions and requirements.

Key Highlights

• Corner lot with access on three sides
• City has approved plans for four duplexes on the lot
• Located close to Downtown Elgin

Property Analytics

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Current Use

Residential land & home ...

Suggested Use

Top Pick Dental Office Parking Lot & Garage Plumbing Service (Bike/Boat/Book/etc) Store Real Estate Agency Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

311

Businesses Nearby

Explore this area Business Placement

Demographics for 78621, TX

27,275

Population

10,671

Households

2.6

Avg Household Size

36

Median Age

24%

College-Educated

81%

High-School Grad

177.7 sq mi

ZIP Area

153

Density / Sq Mi

$88,246

Median Household Income

$48,955

Median Earnings

$1,317

Median Rent

$262,300

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential land & home lot - Corner lot with access on three sides and city approval for four duplexes.

Where is this residential land & home lot located?

The property is located at 601 M L K Dr Elgin, TX.

What is the asking price?

The asking price for this property is $219,000.

What are key features of this property?

This property features: Corner lot with access on three sides; City has approved plans for four duplexes on the lot; Located close to Downtown Elgin