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Property profile & analytics
OFF-MARKET
Commercial real estate

640 Edinburg Ave Elsa, TX 78543

4,820 SF 3 ac lot Built 2016
Property ID
Property summary
AI-generated overview

This exceptional 3-acre commercial property in Elsa, Texas, presents a lucrative investment opportunity. The main building, currently operating as a successful event center under lease until January (then month-to-month), generates $1500 monthly income. Its versatile design allows for immediate use as a restaurant, and the kitchen appliances are included in the sale. The property also features a 20-unit storage facility, producing approximately $1400 in monthly rental income. An outdoor entertainment area is suitable for bands and events. Adding to the income stream, a separate area leased month-to-month to a wrecker service generates an additional $500 per month. The 4,820 square foot main building is complemented by ample outdoor space, ideal for expansion or further development. The current tenant arrangements offer immediate cash flow, while the property's diverse uses and high rental income potential make it an attractive investment for a wide range of buyers. This turnkey operation is ready for a new owner to capitalize on its existing revenue streams and explore further growth opportunities. The sale includes the kitchen appliances

Property profile
Verified
Property type Commercial real estate
Year built 2016
Total area 4,820 SF
Lot 3 ac (130,680 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • South Texas Smokehouse Barbeque Restaurant
  • Taqueria Mexi-Taco Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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