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Property profile & analytics
FOR SALE
Commercial real estate

1389 Highway 290 E Elgin, TX 78621

10.75 ac lot
Property ID
US82-6111498
Property summary
AI-generated overview

This exceptional 10.75-acre unrestricted commercial property presents a unique investment opportunity in Elgin, Texas. Boasting excellent frontage on Highway 290 East, this expansive tract offers significant development potential. The property includes an existing 2,702-square-foot house and a substantial 2,400-square-foot metal building, providing immediate utility or potential for repurposing. Located on the east side of Elgin, the property's strategic position on Highway 290 ensures high visibility and easy access. The unrestricted nature of the land allows for a wide range of commercial, industrial, or residential uses, subject to local zoning regulations. With its substantial size, existing structures, and prime location, this property is ideally suited for a variety of development projects or as a valuable holding investment. The asking price is $2,500,000. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire a significant land parcel with existing improvements in a rapidly growing area of Texas. Don't miss out on this exceptional investment prospect.

Property profile
Verified
Property type Commercial real estate
Lot 10.75 ac (468,270 SF)
UPID US82-6111498
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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