For Sale
$750,000

640 Edinburg Ave Elsa, TX 78543

High-yield retail property with multiple income streams.

Overview

Added:
Dec 11, 2024
Days on market:
133
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.

Highlights

  • 3,220 SF Warehouse Space

Property Details for 640 Edinburg Ave

Property type
Retail properties
Square Feet
4,820 SF
Year Built
2016
Stories
1
Lot Size (sq. ft)
130,680 SF
Units
20

Location Insight

City
Elsa
County
Hidalgo
State
Texas
Latitude
26.2929213
Longitude
-98.0040433

FAQs

What type of property is this?
Retail property - High-yield retail property with multiple income streams.
Where is the retail property located?
The property is located at 640 Edinburg Ave Elsa, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,220 SF Warehouse Space; ;
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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640 Edinburg Ave
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