Current Use by Public Records
- Day care centers
Property Details for 636 Broadway St
- Year built
- 1985
- Property type
- Day care centers
- Property subtype
- Retail properties & Spaces
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.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elsa
- County
- Hidalgo
- State
- Texas
- Longitude
- -97.993
- Latitude
- 26.2991
