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Property profile & analytics
OFF-MARKET
Commercial real estate

301 Highway 290 Elgin, TX 78621

9,000 SF 7.06 ac lot Built 2015
Property ID
Property summary
AI-generated overview

This exceptional 7.06-acre commercial property boasts 9,000 square feet of versatile space, perfectly positioned on Highway 290 East in Elgin, Texas. The property benefits from a high daily traffic count of 52,950 vehicles, as reported by TxDOT, presenting a significant opportunity for businesses seeking high visibility. The existing metal storage building, measuring 145 feet by 60 feet, features a concrete slab and foam insulation, ensuring durability and energy efficiency. The building's clean and ready-to-occupy condition minimizes upfront investment for potential buyers. Located within the ETJ (Extra Territorial Jurisdiction) of Elgin, the property is unzoned, offering flexibility for a wide range of commercial uses. A readily available water line is situated at the front of the property, adding to its convenience and utility. Elgin's recent growth trajectory makes this a prime investment opportunity for discerning buyers seeking commercial frontage in a thriving Texas market. The expansive acreage provides ample room for expansion or future development, catering to a variety of business needs. This property presents a unique blend of existing infrastructure and development potential, making it an attractive proposition for entrepreneurs and investors alike. The asking price is $2,600,000.

Property profile
Verified
Property type Commercial real estate
Year built 2015
Total area 9,000 SF
Lot 7.06 ac (307,534 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
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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