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$316,000

NAL Estimated Property Value

403 S Central Ave, Elgin, TX, 78621

Off MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Exterior FeaturesNone

About this property

Prime Commercial Corner Lot in the Heart of Downtown Elgin, TX Endless Possibilities Await – Ideal for Mixed-Use Development This expansive commercial corner lot is a rare opportunity in the bustling downtown area of Elgin, TX. With zoning that allows for over 50% residential use, this property offers remarkable flexibility for developers looking to blend residential and commercial space in one of Elgin's most vibrant areas. Location Highlights: Proximity to Historical District: Just a short stroll from Elgin’s charming downtown historical district, known for its rich heritage, dining, shopping, and cultural attractions. Central Avenue Exposure: The property sits prominently across from Central Ave, providing high visibility and foot traffic, ideal for businesses or mixed-use projects. Nearby Amenities: Directly across from a brand-new CARTS transit station, offering convenient transportation options, as well as a nearby park, perfect for outdoor enjoyment, and essential services like fire and emergency services just a couple of blocks away. Whether you're considering retail space, multi-family residential units, or a combination of both, the versatility of this lot is unmatched. The strategic downtown location, coupled with the opportunity for significant residential use, makes this an exceptional investment for future growth. Take advantage of the thriving local community and the growing demand for convenient, urban living with easy access to key amenities. The possibilities for this prime lot are truly endless.

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0% equity
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,896 /month
Positive
Cash Flow Estimate:
$632 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Elgin

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403 S Central Ave | Property Details | No Agent List