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Mixed-Use Building With Apartments
For Sale
$325,000

705 N Broadway Street, Elsa, TX 78543

Commercial Sale, Elsa, TX

Property Size5,969 SF
Lot Size0.29 Acres
Price / SF$54.45
Days on Market141

Property Features for 705 N Broadway Street

General Information

Property type Commercial Sale
Property subtype Other
Parking 14
Parking features Off Street, On Street
Exterior features Balcony, Workshop
Appliances Electric Water Heater
Subdivision Elsa Townsite
Lot features Downtown
Directions East on 107 , Turn N on Broadway. Property will be on W side.
Standard status Active
APN E540000018001300
Size 5,969 SF
Lot size 0.29 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 5292

Utilities

Cooling system Window Unit(s)

Building Details

Year built 1990
Floors in Building 2
Building materials Solid Masonry
Roof type Flat, Metal
Additional Structures Workshop
Listing Agency: Keller Williams Realty RGV
Listed By: Maggie Harris · License #TREC#0530155
Added: Apr 29 Changed: Sep 14 Last Checked: Sep 16 at 7:06AM
MLS# 502332

Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mixed-use property combines a retail storefront with apartment-style accommodations within a 5,969-square-foot building. The residential component includes 12 rooms, 4 bathrooms, and 2 kitchens. A balcony and workshop add functional space, while solid masonry construction, a flat metal roof, and window-unit cooling define the existing improvements. An electric water heater serves the property.

Set on 0.2927 acres at 705 N Broadway Street in Elsa, the property offers both on-street and off-street parking. Built in 1990, it is positioned in downtown Elsa and includes a storefront component alongside residential rooms, creating a combined commercial and residential layout.

Key Highlights

  • Mixed‑use building with retail storefront and apartment‑style accommodations
  • 5,969 square feet on a 0.2927‑acre parcel
  • 12 rooms, 4 bathrooms, and 2 kitchens

Property Analytics

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Current Use

Storefront properties

Location Intelligence

Trade Area within ½ mile

404
Businesses Nearby

Demographics for 78543, TX

7,535
Population
3,018
Households
2.5
Avg Household Size
33
Median Age
9%
College-Educated
83%
High-School Grad
6.4 sq mi
ZIP Area
1,177
Density / Sq Mi
$47,657
Median Household Income
$30,960
Median Earnings
$759
Median Rent
$85,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Retail space and apartment-style accommodations combine in a masonry property with kitchens, bathrooms, and flexible supporting areas.
Where is this mixed-use property located?
The property is located at 705 N Broadway Street Elsa, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Mixed‑use building with retail storefront and apartment‑style accommodations; 5,969 square feet on a 0.2927‑acre parcel; 12 rooms, 4 bathrooms, and 2 kitchens
More about this property
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