$139,000
↓ $21K (13.1%)
●
Land -
For Sale
418 S Avenue D Ave
Elgin, TX 78621
Studio
0 Bath
$943
Est. Monthly
About This Property
Prime commercial development opportunity in the heart of Elgin with
high-visibility frontage on S Main Street (State Hwy 95) and
secondary access from S Avenue D, offering excellent traffic
exposure and flexible site access.
This approximately 0.417-acre (18,180 SF) tract benefits from dual zoning (C1 & C2), creating significant potential for a variety of commercial uses. Ideal for retail, service-based businesses, office, or redevelopment in a growing corridor surrounded by established commercial activity.
Positioned along a major thoroughfare with consistent daily traffic counts, this property presents a strong opportunity for investors, developers, or owner-users seeking location, visibility, and flexible zoning in a rapidly expanding market.
Buyer to verify zoning, utilities, and permitted uses with the City of Elgin.
This approximately 0.417-acre (18,180 SF) tract benefits from dual zoning (C1 & C2), creating significant potential for a variety of commercial uses. Ideal for retail, service-based businesses, office, or redevelopment in a growing corridor surrounded by established commercial activity.
Positioned along a major thoroughfare with consistent daily traffic counts, this property presents a strong opportunity for investors, developers, or owner-users seeking location, visibility, and flexible zoning in a rapidly expanding market.
Buyer to verify zoning, utilities, and permitted uses with the City of Elgin.
Unit Size
-
Days on Market
-
Land Size
0.42 acres
Price per sqft
-
Property Type
Land
Property Taxes
$260
HOA Dues
-
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 months ago (Unlock MLS #ACT2165032)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 19, 2026 | Price Decreased |
$139,000
↓ $21K
(13.1%) | |
| Price Decreased | |||
| Feb 12, 2026 | Listed by eXp Realty, LLC | $160,000 | |
| Listed by eXp Realty, LLC | |||
Property Highlights
Exterior Details
Waterfront Features: None
Other Structures: None
Lot Features: Few Trees
Lot Size Area: 18164.52
Lot Size Units: Square Feet
Lot Size Acres: 0.417
Lot Size Square Feet: 18164.52
Lot Size Dimensions: 262 by 116 per survey
Water Source: Public
Financial Details
Tax Assessed Value: $130,069
Tax Annual Amount: $3,118
Utilities Details
Sewer : None
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Elgin
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Listed by: Dillar Schwartz
Listed Office: eXp Realty, LLC - Listing courtesy of Unlock MLS
Phone: (888) 519-7431
Last Updated: 2026-05-19 04:10:47
Data Source: Unlock MLS, MLS# ACT2165032
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: eXp Realty, LLC - Listing courtesy of Unlock MLS
Phone: (888) 519-7431
Last Updated: 2026-05-19 04:10:47
Data Source: Unlock MLS, MLS# ACT2165032
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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