270 Us-Hwy 290 Elgin, TX 78621
This exceptional 10-34.6 acre tract of land presents a unique investment opportunity in Elgin, Texas. Strategically located on Highway 290, this property boasts 1209 feet of highway frontage, offering unparalleled visibility and accessibility. The land is zoned ETJ, providing flexibility for a variety of commercial and residential developments. Utilities are readily available, including electricity, natural gas, Elgin water, and fiber internet access directly at the site. To facilitate a smooth transaction, the seller will provide a survey. The property's location offers convenient access to major transportation arteries, with a 30-minute drive to downtown Austin. Its proximity to the Samsung and Tesla factories further enhances its appeal. For added convenience, Highway 95 is just half a mile away. The land is priced at $5.88 per square foot. The lease expires on September 16, 2024, and there is no remaining lease term. This is a rare opportunity to acquire a substantial parcel of land in a rapidly growing area with excellent infrastructure and proximity to major employers. The property is owned outright.
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.