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    16005 Us-290 Elgin, TX 78621

    Sponsored
    For Sale
    $958,000

    4-Acre Commercial Tract, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4-acre commercial land parcel presents a unique investment opportunity in the rapidly growing Elgin, Texas area. Strategically located on US Highway 290, this property boasts over 200 feet of highway frontage, ensuring high visibility and accessibility for any commercial venture. Its convenient location between Manor and Elgin, Texas, places it within a thriving corridor experiencing significant population growth. The property is situated within the Manor ETJ (Extraterritorial Jurisdiction), offering potential advantages for development. Infrastructure is readily available, with water and electric lines conveniently located at the property line, simplifying the development process. The area's dynamic growth is underscored by Manor's impressive population increase of 32.7 percent between April 2020 and July 2021, as reported by the U.S. Census Bureau. This indicates a strong and expanding market, making this 4-acre tract an ideal platform for a variety of commercial uses. The asking price for this prime commercial land is $958,000. This property is offered for sale by owner. The address is 16005 US-290, Elgin, TX 78621, located in Travis County.

    Property Features for 16005 Us-290

    General Information

    Property type
    Land
    Lot Size
    174,240 SF

    HighLights

    • Over 200 feet of highway frontage.
    • Excellent location between Manor, TX and Elgin, TX.
    • Situated within Manor's extraterritorial jurisdiction (ETJ).
    • Utilities (water and electric) available at the property line.
    • High‑growth area: Manor's population experienced significant growth (32.7% increase from April 2020 to July 2021).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elgin
    County
    Travis
    State
    Texas
    Longitude
    -97.46619062
    Latitude
    30.35131546

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    FAQs

    What type of property is this?
    Land - 4-Acre Commercial Tract, Prime Location
    Where is this land located?
    The property is located at 16005 Us-290 Elgin, TX.
    What is the asking price?
    The asking price for this property is $958,000.
    What are key features of this property?
    This property features: Over 200 feet of highway frontage.; Excellent location between Manor, TX and Elgin, TX.; Situated within Manor's extraterritorial jurisdiction (ETJ).
    (512) 587-0598
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    16005 Us-290 Elgin, TX 78621
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    Elgin, TX 78621
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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
    16005 Us-290 Elgin, TX 78621
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