636 Broadway St Elsa, TX 78543

Property Details for 636 Broadway St

Year built

1985

Property size

2,900 SF

Property type

Day care centers

Property subtype

Retail properties

Description

This 2,900 square foot commercial property in Elsa, Texas, is situated on a 13,000 square foot lot and offers a unique investment opportunity. Currently vacant, the single-story building, constructed in 1985, features six small rooms ideal for offices, two bathrooms, a storage room, and a sizable open area suitable for diverse business uses. The property includes a small kitchen with a 220V power supply, though renovations are needed. The central air conditioning system's age is undetermined, requiring further assessment. The building is located in a strip mall along FM 88, benefiting from established neighboring businesses. While the property requires some renovations, it boasts a sound structure. Eight parking spaces are available. The property is zoned CO and has an APN of E5400-00-031-0001-00. Owner financing is available with a 40% down payment, 10% interest, amortized over 30 years, and a balloon payment due in 10 years. The property is listed at $240,000 ($82.76/sq ft). Note: The property currently lacks electricity; the electrical box is located on a column near the front door. While Hidalgo County Appraisal District records indicate a second floor, this is inaccurate and will be corrected by the owner, resulting in a likely reduction in property taxes. All offers are welcome.