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The McKinley Inn 4 Depot st 4 Room Hotel Elgin, TX 78621 For Sale
Investment Highlights
- Located in the heart of Elgin’s historic Main Street district, steps away from vibrant shops, restaurants, bars, and local galleries.
- Flexible use options including boutique hospitality, office space, or event venue—ideal for weddings, private gatherings, and business retreats.
- Positioned across from the Elgin Depot Museum and near Veterans Park, known for weekly farmer’s markets, outdoor movie nights, and live music events.
- Features outdoor entertainment space with a deck, additional yard area, and amenities such as a smokeless fire pit for social gatherings.
Executive Summary
Originally built in 1897 as a "Christian Saloon," this property has been reimagined as a premier hospitality asset while preserving its 19th-century soul. Elgin is one of the fastest-growing frontiers of the Austin metro. The grand foyer features meticulously restored historic windows and a classic marble floor that set the tone for a luxury boutique experience and make an unforgettable first impression. 4 suites upstairs with ensuite bathrooms, half bath downstairs. 5th bonus room under the stairs, and a historic restored bar. Kitchen and butler pantry with prep area for events. The asset has been used as a short-term rental and second home and has not been grown to its full potential. This is a great opportunity for a buyer to build the business. The business with branding, contracts, and (most) furnishings and linens for a turnkey operation are available and negotiable. Hot tub and state of the art 120 inch laser TV installed. Weddings and events have been in demand but many leads have been overlooked, the typical one-day fee for an event is $1250-$1500 and then the rental of suites when combined with the event is offered for a special price discounted price for $500 for one night $700 for two nights and $900 for three nights. so typically would run ~$2000-$2500 for the event plus accommodations.
Property Facts
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 12379 | Improvements Assessment | $597,143 CAD |
| Land Assessment | $65,090 CAD | Total Assessment | $662,233 CAD |
Property Taxes
Parcel Number
12379
Land Assessment
$65,090 CAD
Improvements Assessment
$597,143 CAD
Total Assessment
$662,233 CAD
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The McKinley Inn | 4 Depot st
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