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    640 Edinburg Ave Elsa, TX 78543

    For Sale
    $750,000

    High-Income Retail Property in Texas

    Property size:
    4,820 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 3-acre property in Elsa, Texas (78543), presents a lucrative investment opportunity. The main building, a 4,820 square foot structure built in 2016, currently operates as a successful event center generating $1,500 monthly income under lease until January, transitioning to month-to-month thereafter. The property's versatility extends to restaurant use, and the kitchen appliances are included in the sale. A significant income stream is also derived from a 20-unit storage facility, yielding approximately $1,400 per month in rental income. Further enhancing the property's revenue potential is a separate area leased month-to-month to a wrecker service, generating $500 monthly. The event center features an entertainment area suitable for bands. The property is a single-story building on a 3-acre lot, offering substantial potential for future development or expansion. The asking price is $750,000. This turnkey operation provides immediate cash flow and significant upside potential for a savvy investor. Tables and decor are not included in the sale. The property is located at 640 W Edinburg Avenue, Elsa, TX.

    Property Features for 640 Edinburg Ave

    General Information

    Property type
    Land
    Square Feet
    4,820 SF
    Lot Size
    130,680 SF

    Building Details

    Year Built
    2016
    Stories
    1
    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    South Texas Smokehouse ... Restaurant Taqueria Mexi-Taco Mexican Restaurant

    Suggested Use

    Storage Facility Wholesale Shop Cafe & Coffee Shop Car Rental Computer & Electronic Repair Pawn Shop Tech Support Center Cosmetics Store Home Appliance Store Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Elsa
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.0040433
    Latitude
    26.2929213

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    FAQs

    What type of property is this?
    Land - High-Income Retail Property in Texas
    Where is this land located?
    The property is located at 640 Edinburg Ave Elsa, TX.
    What is the asking price?
    The asking price for this property is $750,000.
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    640 Edinburg Ave 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
    640 Edinburg Ave Elsa, TX 78543
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