636 Broadway St Elsa, TX 78543
- Commercial real estate
- 2,900 SF
- 0.23 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 636 Broadway St
- Year built
- 1985
- Lot size
- 0.23 lot acres
- Property size
- 2,900 SF
- Property type
- Commercial real estate
Description
This 2,900 square foot commercial building located at 636 N Broadway Street, Elsa, TX, presents a significant opportunity for investors and entrepreneurs. Situated on a 0.23-acre lot within an established strip mall along FM 88, this property boasts a prime location with high visibility. The building features six smaller rooms ideal for offices, two bathrooms, a storage room, and a sizable open area adaptable to various business needs. A small kitchen is also included, equipped with a 220V power supply, although upgrades are recommended. While the building requires some renovations, its structural integrity is sound. The age of the central air conditioning system is unknown and should be verified by a prospective buyer. Potential uses include, but are not limited to, an event center, office leasing space, an insurance agency, or a pharmacy. Owner financing is offered with a 40% down payment, a 10% interest rate, amortized over 30 years, with a balloon payment due in 10 years. All offers will be considered. A thorough inspection and due diligence are strongly encouraged before purchase.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elsa
- County
- Hidalgo
- State
- Texas
- Longitude
- -97.993
- Latitude
- 26.2994
