See all 29 photos
29 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$485,000
Est. payment /mo
2,314 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,314 sqft
Price per Sqft $209
Subdivision Elgin City
MLS Listing ID 6559978
Year Built 1935
Annual Tax Amount $8,243
Tax Year 2025
Lot Size 3,044 Sqft
Acres 0.0699
Property Sub-Type Mixed Use
Source actris
Property Description
Fully leased mixed-use investment opportunity in Historic Downtown Elgin
2,314 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 place
Current in-place income producing
Below-market leases provide future upside potential through rental increases and lease repositioning
Extensive renovation completed in 2016 including:
?Electrical wiring
?Plumbing systems
?Interior improvements
New roof installed October 2021
Located along the highly visible North Main Street corridor in Downtown Elgin
Positioned within the rapidly expanding Central Texas growth corridor east of Austin
Ideal opportunity for:
?1031 exchange buyers
?Long-term appreciation investors
?Mixed-use portfolio investors
?Owner-users seeking supplemental income
Walkable downtown location surrounded by restaurants, retail, and local businesses
Low-maintenance, turnkey asset with strong historic downtown character and modernized infrastructure. Minutes to airport, Tesla, State Capital, Samsung (SAS) and Starlink / Boring / X Campus.
2,314 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 place
Current in-place income producing
Below-market leases provide future upside potential through rental increases and lease repositioning
Extensive renovation completed in 2016 including:
?Electrical wiring
?Plumbing systems
?Interior improvements
New roof installed October 2021
Located along the highly visible North Main Street corridor in Downtown Elgin
Positioned within the rapidly expanding Central Texas growth corridor east of Austin
Ideal opportunity for:
?1031 exchange buyers
?Long-term appreciation investors
?Mixed-use portfolio investors
?Owner-users seeking supplemental income
Walkable downtown location surrounded by restaurants, retail, and local businesses
Low-maintenance, turnkey asset with strong historic downtown character and modernized infrastructure. Minutes to airport, Tesla, State Capital, Samsung (SAS) and Starlink / Boring / X Campus.
Location
State TX
County Bastrop
Interior
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Tile, Wood
Fireplace No
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View City, Downtown
Total Parking Spaces 9
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick,Glass
New Construction No
Others
Special Listing Condition See Remarks
Read Less Info
Listed by All City Real Estate Ltd. Co
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION