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30 N Main St 5,300 SF 100% Leased Retail Building Elgin, TX 78621 $689,750 ($130.14/SF) 8.21% Cap Rate
Investment Highlights
- Lots of foot traffic on Main Street
- Close to restaurants, Post Office, and Town Square
- Free angled parking on Main Street
Executive Summary
This Historical Building on Main Street in downtown Elgin, Texas stays fully occupied. It was formerly 4 units - 2 commercial spaces facing Main Street and 2 residential units facing the alley in the back. The former tenant at 30 N Main combined the commercial and residential space into one large commercial space. It could be divided again or remain as is. Floors completed rejoisted and redone 3 years ago.
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,300 SF
Building Class
C
Year Built/Renovated
1906/2023
Price
$689,750
Price Per SF
$130.14
Cap Rate
8.21%
NOI
$56,655
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.94
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
commercial - Zoned Commercial in front; residential in back facing alley.
Frontage
Amenities
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 12358 | Improvements Assessment | $604,430 |
| Land Assessment | $59,464 | Total Assessment | $663,894 |
Property Taxes
Parcel Number
12358
Land Assessment
$59,464
Improvements Assessment
$604,430
Total Assessment
$663,894
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Palomino Enterprises, LLC
30 N Main St
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