640 Edinburg AveElsa, TX 78543

For Sale
$750,000

High-Income Retail Property in Texas

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 3-acre property in Elsa, Texas (78543), presents a lucrative investment opportunity. The main building, a 4,820 square foot structure built in 2016, currently operates as a successful event center generating $1,500 monthly income under lease until January, transitioning to month-to-month thereafter. The property's versatility extends to restaurant use, and the kitchen appliances are included in the sale. A significant income stream is also derived from a 20-unit storage facility, yielding approximately $1,400 per month in rental income. Further enhancing the property's revenue potential is a separate area leased month-to-month to a wrecker service, generating $500 monthly. The event center features an entertainment area suitable for bands. The property is a single-story building on a 3-acre lot, offering substantial potential for future development or expansion. The asking price is $750,000. This turnkey operation provides immediate cash flow and significant upside potential for a savvy investor. Tables and decor are not included in the sale. The property is located at 640 W Edinburg Avenue, Elsa, TX.

Property Details for 640 Edinburg Ave

Property type
Other retail properties, Other land
Square Feet
4,820 SF
Year Built
2016
Stories
1
Lot Size (sq. ft)
130,680 SF
Units
1

Location Insight

City
Elsa
County
Hidalgo
State
Texas
Latitude
26.2929213
Longitude
-98.0040433
640 Edinburg Ave, Elsa, Texas

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640 Edinburg Ave
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