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30 N Main St 5,300 SF 100% Leased Retail Building Elgin, TX 78621 $979,376 CAD ($184.79 CAD/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
$979,376 CAD
Price Per SF
$184.79 CAD
Cap Rate
8.21%
NOI
$80,444 CAD
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 | $856,737 CAD |
| Land Assessment | $84,286 CAD | Total Assessment | $941,023 CAD |
Property Taxes
Parcel Number
12358
Land Assessment
$84,286 CAD
Improvements Assessment
$856,737 CAD
Total Assessment
$941,023 CAD
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Presented by
Palomino Enterprises, LLC
30 N Main St
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