24 N Main St,Elgin, TX 78621
Elgin, TX 78621
Description
Fully leased mixed-use investment opportunity in Historic Downtown Elgin2,314 SF total improvements featuring:?1,008 SF retail storefront?1,306 SF residential apartment (2 bed / 1 bath)Stabilized dual-income asset with one commercial tenant and one residential tenant in placeCurrent in-place income producingBelow-market leases provide future upside potential through rental increases and lease repositioningExtensive renovation completed in 2016 including:?Electrical wiring?Plumbing systems?Interior improvementsNew roof installed October 2021Located along the highly visible North Main Street corridor in Downtown ElginPositioned within the rapidly expanding Central Texas growth corridor east of AustinIdeal opportunity for:?1031 exchange buyers?Long-term appreciation investors?Mixed-use portfolio investors?Owner-users seeking supplemental incomeWalkable downtown location surrounded by restaurants, retail, and local businessesLow-maintenance, turnkey asset with strong historic downtown character and modernized infrastructure. Minutes to airport, Tesla, State Capital, Samsung (SAS) and Starlink / Boring / X Campus.
Details
| MLS # | 6559978 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1935 |
| Days On Site | 86 |
| Listing Provided By | All City Real Estate Ltd. Co | JR Soler |
Features
| SQ Feet | 2,314 |
|---|---|
| Building(s) | 1 |
| Acreage | 0.07 |
| Property View | City, Downtown |
Interior
| Cooling | Ceiling Fan(s), Central Air |
|---|---|
| Heating | Central |
| Flooring | Tile, Wood |
Exterior
| Foundation Details | Slab |
|---|---|
| Construction Materials | Brick, Glass |
| Security Features | See Remarks |
Parking
| Parking Features | Parking Lot, Paved |
|---|
Utilities
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Other
| List Aor | Austin Board Of Realtors |
|---|
Taxes
| Property | 8243 |
|---|
Area Information
| State | TX |
|---|---|
| County | Bastrop |
| City | Elgin |
| Zip Code | 78621 |
| Area | EL |
| Community Name | Elgin City |
| Listing VS Median (in Elgin City) | |
Price: $450,000 low | high Med: $2,500 sqft: 2,314 low | high Med: 2,728 $ / sqft: $194 low | high Med: $1 On site: 86 low | high Med: 191 | |
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Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
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Learn More About This Property
| State | TX |
|---|---|
| County | Bastrop |
| City | Elgin |
| Zip Code | 78621 |
| Area | EL |
| Community Name | Elgin City |
| Listing VS Median (in Elgin City) | |
Price: $450,000 low | high Med: $2,500 sqft: 2,314 low | high Med: 2,728 $ / sqft: $194 low | high Med: $1 On site: 86 low | high Med: 191 | |