640 Edinburg Ave Elsa, TX 78543
- Retail properties
- 4,820 SF
- 3.00 lot acres
Current Use by Public Records
- South Texas Smokehouse Barbeque / Restaurant
- Taqueria Mexi-Taco / Mexican Restaurant
Property Details for 640 Edinburg Ave
- Year built
- 2016
- Lot size
- 3.00 lot acres
- Property size
- 4,820 SF
- Property type
- Retail properties
Description
This exceptional 4,820-square-foot retail property in Elsa, Texas, presents a lucrative investment opportunity. Situated on a spacious 3-acre lot, the property boasts a versatile main building currently operating as a successful event center, generating $1,500 in monthly income under lease until January, transitioning to month-to-month thereafter. The building is also ideally suited for restaurant use, with kitchen appliances included in the sale (excluding tables and decor). Adding to the income potential, a 20-unit storage facility on the property generates approximately $1,400 per month in rental income. An outdoor entertainment area is also available, suitable for bands or other events. Further enhancing the property's income stream, a rear area is currently leased month-to-month to a wrecker service, yielding $500 in monthly rent. Built in 2016, this single-story building features 25 parking spaces. The property's diverse income streams and adaptable spaces offer significant potential for future growth and profitability, making it an attractive investment for discerning buyers. The property is located at 640 W Edinburg Ave, Elsa, TX 78543. The asking price is $750,000.
Value Estimation
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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
- -98.004
- Latitude
- 26.2929
