308-302 Broadway St St Elsa, TX 78543
This exceptional commercial property in the heart of Elsa, Texas, presents a compelling investment opportunity. The 5,336 square foot building sits on a 0.23-acre lot and comprises three distinct units, all currently generating income from existing leases. The first unit operates as a nutrition shop, the second serves as a church, and the third functions as a combined boutique and flower shop. Unit 308 is significantly larger than units 302 and 322, which have been subdivided. This expansive unit boasts a sizable main area, two to three additional rooms, a restroom, a large central space ideal for various uses, and a garage suitable for storage. Ample parking is available at the front, side, and rear of the building, ensuring convenient access for tenants and customers. The property benefits from a recently installed metal roof (approximately three years old), providing long-term durability and reduced maintenance costs. Located in a high-traffic area, this property offers excellent visibility and accessibility, making it an attractive investment for both short-term and long-term returns. The existing leases provide immediate cash flow, while the versatile layout and prime location offer significant potential for future growth and development.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.