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    270 Us-Hwy 290 Elgin, TX 78621

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    For Sale
    Contact for pricing

    Prime Austin-area land, ETJ zoning, Hwy 290 frontage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10-34.6 acre tract of land presents a unique investment opportunity in Elgin, Texas. Strategically located on Highway 290, this property boasts 1209 feet of highway frontage, offering unparalleled visibility and accessibility. The land is zoned ETJ, providing flexibility for a variety of commercial and residential developments. Utilities are readily available, including electricity, natural gas, Elgin water, and fiber internet access directly at the site. To facilitate a smooth transaction, the seller will provide a survey. The property's location offers convenient access to major transportation arteries, with a 30-minute drive to downtown Austin. Its proximity to the Samsung and Tesla factories further enhances its appeal. For added convenience, Highway 95 is just half a mile away. The land is priced at $5.88 per square foot. The lease expires on September 16, 2024, and there is no remaining lease term. This is a rare opportunity to acquire a substantial parcel of land in a rapidly growing area with excellent infrastructure and proximity to major employers. The property is owned outright.

    Property Features for 270 Us-Hwy 290

    General Information

    Property type
    Land
    Lot Size
    435,600 SF

    HighLights

    • 10‑34.6 acre tract in Elgin, TX, with 1209 feet of Hwy 290 frontage.
    • ETJ zoning allows for diverse commercial/residential development.
    • Utilities (electricity, natural gas, Elgin water, fiber internet) readily available.
    • Seller provides survey; 30‑minute drive to downtown Austin.
    • Proximity to Samsung and Tesla factories; 1⁄2 mile to Hwy 95.
    • $5.88/sq ft; Land is owned outright; lease expired September 16, 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elgin
    County
    Bastrop
    State
    Texas
    Longitude
    -97.354625544288
    Latitude
    30.332812442802

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    FAQs

    What type of property is this?
    Land - Prime Austin-area land, ETJ zoning, Hwy 290 frontage.
    Where is this land located?
    The property is located at 270 Us-Hwy 290 Elgin, TX.
    What are key features of this property?
    This property features: 10-34.6 acre tract in Elgin, TX, with 1209 feet of Hwy 290 frontage.; ETJ zoning allows for diverse commercial/residential development.; Utilities (electricity, natural gas, Elgin water, fiber internet) readily available.
    Request Owner's contact information
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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
    270 Us-Hwy 290 Elgin, TX 78621
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