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    514 Broadway St Elsa, TX 78543

    For Sale
    $130,000

    Prime Elsa location, high potential, needs rehab.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 2,499.908 square foot commercial lot, located at 514 N Broadway Street in downtown Elsa, Texas, presents a compelling investment opportunity. Built in 1985, the property is currently vacant and requires a complete rehabilitation. Its prime downtown location offers significant potential for a variety of businesses seeking high visibility and accessibility. The asking price is $130,000, reflecting the need for renovations. The seller is highly motivated and prefers a cash sale, making this an attractive proposition for investors seeking a potentially lucrative project. The property's zoning and permitted uses should be independently verified. Given its current condition and the need for substantial improvements, this property is best suited for buyers with experience in property renovation and redevelopment. The property is situated in Hidalgo County, Texas, with a zip code of 78543. Serious inquiries are encouraged to schedule a viewing and assess the full potential of this unique opportunity. The property's location in the heart of Elsa's commercial district offers excellent exposure and accessibility.

    Property Features for 514 Broadway St

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1985

    HighLights

    • 2,499.908 sq ft commercial lot in downtown Elsa, TX.
    • Vacant lot requiring complete rehabilitation.
    • Located at 514 N Broadway Street, Elsa, TX 78543 (Hidalgo County).
    • Asking price: $130,000; cash sale preferred.
    • High visibility and accessibility in prime downtown location.
    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 - Prime Elsa location, high potential, needs rehab.
    Where is this retail property located?
    The property is located at 514 Broadway St Elsa, TX.
    What is the asking price?
    The asking price for this property is $130,000.
    What are key features of this property?
    This property features: 2,499.908 sq ft commercial lot in downtown Elsa, TX.; Vacant lot requiring complete rehabilitation.; Located at 514 N Broadway Street, Elsa, TX 78543 (Hidalgo County).
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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
    514 Broadway St Elsa, TX 78543
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