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    644 Hwy 107 Hwy Elsa, TX 78543

    For Sale
    $525,000

    5-Acre Development Site, High Growth Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 5.003-acre commercial land parcel presents a remarkable investment opportunity in the rapidly expanding city of Elsa, Texas. Strategically located on Highway 107, this property boasts significant frontage, ensuring high visibility and accessibility for any commercial venture. The site's expansive acreage offers ample space for a diverse range of development projects, including but not limited to shopping centers, office complexes, fast-food restaurants, gas stations, or mixed-use developments. The property's potential is further enhanced by its approved annexation into the City of Elsa, streamlining the development process and providing access to municipal services. This area is experiencing a surge in both residential and commercial growth, creating a highly desirable location with strong potential for future appreciation. The asking price for this prime commercial land is $525,000. Given the current market trends and the property's advantageous location and size, this represents a compelling investment opportunity for developers and investors seeking a foothold in a thriving Texas market. The property is zoned for commercial use and is ready for immediate development. Don't miss this chance to capitalize on the significant growth potential of this exceptional site. Contact us today to learn more.

    Property Features for 644 Hwy 107 Hwy

    General Information

    Property type
    Land
    Lot Size
    217,931 SF

    HighLights

    • 5.003‑acre commercial land parcel in Elsa, Texas.
    • High‑visibility location on Highway 107 with significant frontage.
    • Suitable for various commercial developments, including shopping centers, office complexes, and mixed‑use projects.
    • City of Elsa annexation approved, simplifying development and providing municipal services.
    • $525,000 asking price; commercially zoned and ready for immediate development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elsa
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9824471
    Latitude
    26.2930696

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    FAQs

    What type of property is this?
    Land - 5-Acre Development Site, High Growth Area
    Where is this land located?
    The property is located at 644 Hwy 107 Hwy Elsa, TX.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: 5.003-acre commercial land parcel in Elsa, Texas.; High-visibility location on Highway 107 with significant frontage.; Suitable for various commercial developments, including shopping centers, office complexes, and mixed-use projects.
    (956) 631-1322
    Request Owner's contact information
    644 Hwy 107 Hwy 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
    644 Hwy 107 Hwy Elsa, TX 78543
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