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$1,788,369

608 W Alamo St, Elgin, TX, 78621

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths12,624 Sq Ft
RetailRetail
Year BuiltBuilt in 1973

Highlights

Interior

Bathrooms 0Bathrooms 0
CoolingCooling

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size26,136 sqft

Land Information

APNR45320
SubdivisionBurleson, Jonathan
Land UseCommercial
Legal DescriptionA18 BURLESON, JONATHAN, ACRES 0.6000
Census Tract950202
Assessed Land Value$253,869
Assessed Improvement Value$1,534,500
Assessment Year2025

About this property

Currently the building is set up with a restaurant, meeting spaces and a bar/saloon area. The high profile free standing building has many potential uses. Property has great visibility and access and is situated in a prime location in the growing community of Elgin. TXDOT shows 27,000 cars pass this location per day. 145' of Hwy 290 Frontage. Total land area=1.307 acres. Property is located at the intersection of Hwy 290 and Alamo St.Restrictions: Yes

Investor Tools

Property Icon
$1,788,369
Estimated Property Value
$0Estimated Mortgage Balance
$1,788,369Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,730 /month
Positive
Cash Flow Estimate:
$3,577 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$4,444/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$44,383
$1,788,369
2025
$253,869
$1,534,500
$1,788,369
No

Tax History

Year
Tax Paid
Assessed Value
2024
$44,383
$1,788,369

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,788,369
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

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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608 W Alamo St | Property Details | No Agent List