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    308-302 Broadway St Elsa, TX 78543

    For Sale
    $215,000

    Three-unit retail building, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity is located at 308-302 N Broadway Street in Elsa, Texas, 78543. The property consists of three commercial units currently leased, offering immediate cash flow. The asking price is $215,000. Unit 308, the largest, features a spacious main area, 2-3 additional rooms, a restroom, a sizable central area, and a garage suitable for storage. Units 302 and 322 are smaller, currently operating as a church and a boutique/flower shop, respectively. The first unit is a nutrition shop. Ample parking is available in the front, side, and rear of the building. The property sits on approximately 10,000.94 square feet of land. A new metal roof was installed approximately three years ago. This property benefits from its location in a high-traffic area of Elsa, making it an ideal investment for those seeking a stable, income-generating asset in a thriving Texas community. The property was built in 1975.

    Property Features for 308-302 Broadway St

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1975

    HighLights

    • $215,000 asking price.
    • 10,000.94 square foot land parcel with retail buildings.
    • Located at 308‑302 N Broadway Street, Elsa, TX 78543.
    • Built in 1975; three units currently leased (nutrition shop, church, boutique/flower shop).
    • Features ample parking and a recently installed metal roof.
    • High‑traffic location in the heart of Elsa, Texas.
    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?
    Retail property - Three-unit retail building, high traffic area.
    Where is this retail property located?
    The property is located at 308-302 Broadway St Elsa, TX.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: $215,000 asking price.; 10,000.94 square foot land parcel with retail buildings.; Located at 308-302 N Broadway Street, 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
    308-302 Broadway St Elsa, TX 78543
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