308-302 Broadway St Elsa, TX 78543
This exceptional investment opportunity is located at 308-302 N Broadway Street in Elsa, Texas, 78543. The property consists of three commercial units currently leased, offering immediate cash flow. The asking price is $215,000. Unit 308, the largest, features a spacious main area, 2-3 additional rooms, a restroom, a sizable central area, and a garage suitable for storage. Units 302 and 322 are smaller, currently operating as a church and a boutique/flower shop, respectively. The first unit is a nutrition shop. Ample parking is available in the front, side, and rear of the building. The property sits on approximately 10,000.94 square feet of land. A new metal roof was installed approximately three years ago. This property benefits from its location in a high-traffic area of Elsa, making it an ideal investment for those seeking a stable, income-generating asset in a thriving Texas community. The property was built in 1975.
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
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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.