605 Highway 290Elgin, TX 78621

Property Details for 605 Highway 290

Year built

1998

Lot size

0.80 AC

Property size (Sq ft)

20,807 SF

Property type

Commercial real estate

APN

R12618

APU

R12618

Description

This exceptional commercial property, located at 605 W Hwy 290 in Elgin, Texas, presents a compelling investment opportunity. The 20,807-square-foot building sits on a sizable 34,804-square-foot lot, offering significant redevelopment potential. Originally constructed in 1968 and renovated in 1988, the property benefits from a C1 zoning designation, allowing for a wide range of commercial uses. Its prime location along US-290 ensures high visibility and accessibility, with convenient access to downtown Elgin and various amenities. The building's history as a retail and industrial space, combined with its R&D subtype, suggests versatility for future tenants. The property is currently configured as a single-tenant space. The thriving Elgin market, characterized by a growing population and strong household incomes, further enhances the property's investment appeal. Owner financing options are available for qualified buyers. This property is ideally suited for investors seeking to capitalize on the dynamic Elgin commercial real estate market. The city may offer development incentives

• Alternative Use

  Use

  Valuation

  Residential

  $5,989,670

  Hospitality

  $5,486,505

  Educational

  $4,564,708

  Medical

  $4,721,695

  Retail

  $7,100,656

Location Insight

City

Elgin

County

Bastrop

State

Texas

Latitude

30.343

Longitude

-97.378

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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