211 Lower Elgin Rd, Elgin, TX 78621

$895,000
  • 211 Lower Elgin Rd, Elgin, TX 78621 Main Photo

9 Photos

New to the Market Active
MLS#8147258
STATUSActive PROPERTY TYPECommercial - Business

Property Description

EXCEPTIONAL 8-ACRE UNRESTRICTED DEVELOPMENT OPPORTUNITY along Elgins fast-growing FM 1704 growth corridor! Located directly adjacent to the new $108M Legacy Oak Middle School and future Elgin ISD High School campus, this high-yield land assembly features two contiguous 4-acre tracts with strong in-place carrying income. Includes two ~2,000 SF homes generating $4,500/mo ($54,000/yr gross) to offset carrying costs during site planning and entitlement. Home 1 (newer 4BR/2BA) projects $2,300/mo; Home 2 (3BR/2BA + covered storage shed) projects $2,200/mo. Completely UNRESTRICTED in Bastrop County?ideal for residential subdivision (0.25ac / 0.50ac lots trading $50k-$100k+), Build-To-Rent (BTR) duplex community, neighborhood retail center, self-storage, or flex-warehouse. On-site utilities include active water meters, power, and 2 independent septic systems. Sellers offer entire package for $895,000 or land-only baseline for ~$750,000. Rare turn-key holding asset in prime growth path!

211 Lower Elgin Rd | MLS# 8147258

This commercial property located at 211 Lower Elgin Rd, Elgin, TX 78621 is currently listed for sale with an asking price of $895,000. Search Elgin real estate on www.pealestate.com today.

Property Features

Property Type: Commercial - Business
Lot Size: 8.00 Acres
Taxes: $8,000

Feature Descriptions

Area #: BA
Building Features: See Remarks
Days on Site: 3
Exterior: See Remarks
Flood Plain: No
Parcel#: 211 Lower Elgin Rd
Parking: See Remarks
Parking Notes: See Remarks
Topography: Flat Lot
Utilities: Electricity Connected, Sewer Connected, Water Connected

Listed By / Shown By

Listed By

Agency Name: Coldwell Banker Realty
Agency Contact: (512) 343-7500

Shown By

Agent Name: Joel Peal
Agent Phone: (512) 590-9126
Agency Title: Realty Capital City

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