204 FM 696 5,750 SF Flex Building Elgin, TX 78621 $1,150,000 ($200/SF) 6.25% Cap Rate

Executive Summary
Secure a high-performing asset in one of Central Texas’s fastest-growing submarkets. This standalone 5,750SF industrial/flex facility offers a rare combination of turn-key passive income and functional utility. Situated on a spacious 1.431AC (per tax records), the property comes with a stable, built-in tenant in place through May 2028, making it a perfect addition to any investment portfolio or a forward-looking play for a future owner-user.
Property Highlights
Spacious & Fully Functional Layout: Features 5,750-SF of versatile floor space built on a heavy-duty concrete slab foundation.
Climate-Controlled Operations: Equipped with insulated and fully air-conditioned/heated warehouse or workshop environments.
Expansive Storage & Lay-Down Yard: The property features a fully gated and secured fenced lot with a generous yard area, offering an estimated 1 acre of direct space for heavy equipment parking, outdoor storage, or future structural expansion.
Seamless Grade Loading: Features clear-span construction with two large grade-level/drive-in bay doors to handle incoming and outgoing freight efficiently.
Excellent Site Access: Outside city limits (OCL zoning) with a concrete driveway and plenty of heavy-vehicle parking spaces.
Infrastructure: Fully integrated with multiple restroom installations (including a multi-stall facility) and single-phase power suited perfectly for light manufacturing or flexible regional distribution.
Location Advantage
Strategically positioned on FM 696 in Elgin, the facility benefits from excellent regional connectivity, giving your tenant or future business seamless transportation routes straight to the Austin-Round Rock metropolitan area, Houston via Hwy 290, and nearby technological hubs. Investment Note: With industrial land and yard space carrying a premium across Central Texas, this fully fenced, single-tenant facility offers an immediate, hassle-free revenue stream with robust long-term intrinsic real estate value.