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250 Highway 290 W

4,204 SF 66% Leased Retail Building Elgin, TX 78621 $1,450,000 ($344.91/SF) 4.02% Cap Rate

INVESTMENT HIGHLIGHTS

  • NNN outparcel investment property located on one of Austin’s busiest Highways
  • Vacancy makes it perfect for owner-user

EXECUTIVE SUMMARY

$1,450,000
4,204 SF
Drone Flyover Video

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,204 SF
Building Class
B
Year Built/Renovated
2001/2023
Price
$1,450,000
Price Per SF
$344.91
Cap Rate
4.02%
NOI
$58,298
Percent Leased
66%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.40 AC
Opportunity Zone
Yes
Zoning
C-1 - C-1 Neighborhood Shopping District
Parking
28 Spaces (6.66 Spaces per 1,000 SF Leased)
Frontage
92’ on US Highway 290

AMENITIES

  • 24 Hour Access
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • B
  • 1,418 SF
  • Retail
  • In-Line
  • Now
Space Size Space Use Position Available
B 1,418 SF Retail In-Line Now

B

Size
1,418 SF
Space Use
Retail
Position
In-Line
Available
Now

B

Size 1,418 SF
Space Use Retail
Position In-Line
Available Now

NEARBY MAJOR RETAILERS

Starbucks
H-e-b
Prosperity Bank
Cadence Bank
Anytime Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
85101
Land Assessment
$176,924
Improvements Assessment
$586,869
Total Assessment
$763,793
  • Listing ID: 29995216

  • Date on Market: 11/8/2023

  • Last Updated:

  • Address: 250 Highway 290 W, Elgin, TX 78621

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