1007 Old Mcdade Rd Elgin, TX 78621
This exceptional 10.8-acre commercial land parcel presents a remarkable investment opportunity in Elgin, Texas, located within the city's extraterritorial jurisdiction (ETJ). Priced at $1,293,732 ($2.75 per square foot), this property boasts significant advantages for developers. The land is currently unzoned, offering flexibility for a wide range of commercial uses. Ideal for projects such as flex space, warehousing, industrial facilities, equipment rental yards, or automotive sales centers. The site is equipped with essential infrastructure, including three-phase power, eight-inch water lines, and natural gas access. Two convenient driveway entrances enhance accessibility and logistical efficiency. Situated at 1007 Old McDade Rd, Elgin, TX 78621, this property is strategically located in Bastrop County and presents a compelling opportunity within a designated Opportunity Zone. This designation may offer significant tax advantages for qualified investors. Don't miss this chance to acquire a substantial and versatile commercial land holding in a rapidly growing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.