Current Use by Public Records
- Commercial real estate
Property Details for 403 Central Ave
- Lot size
- 0.93 lot acres
- Property type
- Commercial real estate
Description
This exceptional 0.93-acre commercial lot is situated on a prime corner in downtown Elgin, Texas, offering unparalleled development opportunities. Its location directly across from Central Avenue ensures high visibility and significant foot traffic, making it ideal for a variety of commercial ventures. The property's zoning allows for over 50% residential use, presenting a unique chance to create a mixed-use development combining residential and commercial spaces. This flexibility caters to a wide range of projects, from retail spaces to multi-family residential units, or a blend of both. The lot's strategic location offers easy access to Elgin's historic downtown district, known for its vibrant atmosphere, diverse dining options, shopping, and cultural attractions. Adding to its appeal, the property is conveniently located across from a newly constructed CARTS transit station, providing convenient public transportation access. Nearby amenities include a park for recreational activities and essential services such as fire and emergency services, all within a short distance. This property represents a rare opportunity to capitalize on Elgin's growth and the increasing demand for urban living with convenient access to amenities. The potential for significant return on investment is substantial, making this a truly exceptional opportunity for discerning investors. The asking price is $316,000.
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
- Elgin
- County
- Bastrop
- State
- Texas
- Longitude
- -97.3735
- Latitude
- 30.3459
