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605 Hwy 290 North 20,807 SF Office Building Elgin, TX 78621 For Sale
Investment Highlights
- High-traffic location with redevelopment upside
- Owner financing available
- Adjacent to US 290 in Highway Commercial District (C-3), with 200' frontage R.O.W. (per survey)
- Strategic Proximity to Austin's expanding metro area
- Located 30-45 minutes from major Austin area employers and attractions
Executive Summary
This 20,807 SF building, built in 1968 and thoughtfully expanded in 1988, presents an outstanding redevelopment opportunity in Elgin's vibrant Highway Commercial District.
Positioned along US Highway 290 with approximately 200 feet of frontage and located within a Highway Commercial (C-3) zoning district, this property supports a wide variety of commercial uses. The configuration and access make it ideal for redevelopment into a modern retail hub, professional offices, or a mixed-use project designed to serve Elgin’s growing population and the expanding Austin metro area.
The site sits on a 34,804 SF lot in a high-traffic corridor that records approximately 47,046 vehicles per day. Its strategic location ensures strong regional connectivity—only 30 to 45 minutes from Downtown Austin, Austin-Bergstrom International Airport, and major employers such as Tesla, Samsung Semiconductor, and Dell.
Owner financing is available, and opportunities exist to collaborate with the City of Elgin regarding potential development incentives. Combined with active residential and commercial growth in the surrounding region, this property offers exceptional upside for investors, developers, and end-users seeking a presence in the thriving Greater Austin market.
Positioned along US Highway 290 with approximately 200 feet of frontage and located within a Highway Commercial (C-3) zoning district, this property supports a wide variety of commercial uses. The configuration and access make it ideal for redevelopment into a modern retail hub, professional offices, or a mixed-use project designed to serve Elgin’s growing population and the expanding Austin metro area.
The site sits on a 34,804 SF lot in a high-traffic corridor that records approximately 47,046 vehicles per day. Its strategic location ensures strong regional connectivity—only 30 to 45 minutes from Downtown Austin, Austin-Bergstrom International Airport, and major employers such as Tesla, Samsung Semiconductor, and Dell.
Owner financing is available, and opportunities exist to collaborate with the City of Elgin regarding potential development incentives. Combined with active residential and commercial growth in the surrounding region, this property offers exceptional upside for investors, developers, and end-users seeking a presence in the thriving Greater Austin market.
Property Facts
Sale Type
Investment
Property Type
Building Size
20,807 SF
Building Class
C
Year Built/Renovated
1968/1988
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
10,404 SF
Building FAR
0.60
Lot Size
0.80 AC
Opportunity Zone
Yes
Zoning
C3 - Adjacent to US 290 in Highway Commercial District (C-3),with 200' frontage R.O.W. (per survey), this property supports a variety of commercial uses.
Parking
15 Spaces (0.72 Spaces per 1,000 SF Leased)
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 12618 | Improvements Assessment | $10,405 |
| Land Assessment | $351,560 | Total Assessment | $361,965 |
Property Taxes
Parcel Number
12618
Land Assessment
$351,560
Improvements Assessment
$10,405
Total Assessment
$361,965
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605 Hwy 290 North
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