301 Highway 290 Elgin, TX 78621
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.
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
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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.