403 S Central Avenue

Elgin, TX 78621
$316,000

Description

Prime Commercial Corner Lot in the Heart of Downtown Elgin, TX Endless Possibilities Await – Ideal for Mixed-Use Development This expansive commercial corner lot is a rare opportunity in the bustling downtown area of Elgin, TX. With zoning that allows for over 50% residential use, this property offers remarkable flexibility for developers looking to blend residential and commercial space in one of Elgin's most vibrant areas. Location Highlights: Proximity to Historical District: Just a short stroll from Elgin’s charming downtown historical district, known for its rich heritage, dining, shopping, and cultural attractions. Central Avenue Exposure: The property sits prominently across from Central Ave, providing high visibility and foot traffic, ideal for businesses or mixed-use projects. Nearby Amenities: Directly across from a brand-new CARTS transit station, offering convenient transportation options, as well as a nearby park, perfect for outdoor enjoyment, and essential services like fire and emergency services just a couple of blocks away. Whether you're considering retail space, multi-family residential units, or a combination of both, the versatility of this lot is unmatched.The strategic downtown location, coupled with the opportunity for significant residential use, makes this an exceptional investment for future growth. Take advantage of the thriving local community and the growing demand for convenient, urban living with easy access to key amenities. The possibilities for this prime lot are truly endless.
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  • Property Details
      • View:City
      • Lot description:Alley, Corner Lot, Level
      • Acres:0.93
      • Property type:Purchase
      • Sewer information:Public Sewer
      • Utility source:Public
      • Utility features:Electricity Available, Water Available
      • Subdivision:S6932 - Nana's House Replat
      • School district:Elgin ISD
      • Elementary School:Elgin
      • Middle School:Elgin
      • High School:Elgin
      • County:Bastrop
      • Original List Price:$316, 000
      • Days on Market (Cumulative):84
      • MLS #:7029637
      • Cost:316000
      • Property subtype:UnimprovedLand
      • MLS #:7029637

Location

Jeremy FayReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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