Current Use by Public Records
- Land
Property Details for 636 Broadway St
- Year built
- 1985
- Property type
- Land
Description
This exceptional 10,000.94 square foot commercial land parcel, located at 636 N Broadway Street in Elsa, Texas, presents a unique investment opportunity. The property, built in 1985, currently features a 2900 square foot building situated within an established strip mall along FM 88. The existing structure includes six small offices, two bathrooms, a storage room, and a small kitchen area. While the building requires some renovations, it boasts a solid foundation and presents significant potential for various commercial uses. The kitchen is equipped with a 220V power supply, although upgrades are recommended. The age of the central air conditioning system is undetermined and should be verified. The property's location offers excellent visibility and accessibility, making it ideal for a range of businesses, including event centers, office leasing, insurance agencies, or pharmacies. Owner financing is available with a 40% down payment, a 10% interest rate, amortized over 30 years, and a balloon payment due in 10 years. All offers are welcome. A thorough inspection and due diligence are strongly recommended before purchase. The property is zoned for commercial use and is situated in Hidalgo County, Texas, zip code 78543.
Value Estimations
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AI approach
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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
- -97.9824
- Latitude
- 26.2931
