Property Description

Fully leased mixed-use investment opportunity in Historic Downtown Elgin2,314 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 placeCurrent in-place income producingBelow-market leases provide future upside potential through rental increases and lease repositioningExtensive renovation completed in 2016 including:?Electrical wiring?Plumbing systems?Interior improvementsNew roof installed October 2021Located along the highly visible North Main Street corridor in Downtown ElginPositioned within the rapidly expanding Central Texas growth corridor east of AustinIdeal opportunity for:?1031 exchange buyers?Long-term appreciation investors?Mixed-use portfolio investors?Owner-users seeking supplemental incomeWalkable downtown location surrounded by restaurants, retail, and local businessesLow-maintenance, turnkey asset with strong historic downtown character and modernized infrastructure. Minutes to airport, Tesla, State Capital, Samsung (SAS) and Starlink / Boring / X Campus.

Property Features