Property History
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Marketing Description
Seize the chance to establish your business in Elgin's rapidly growing commercial corridor along US Highway 290. This property offers exceptional visibility and accessibility, making it an ideal location for retail ventures aiming to capitalize on the area's dynamic growth.
Position your business at Elm Creek on US-290 to leverage Elgin's strategic location, robust growth, and supportive business climate. This property offers an unparalleled opportunity to thrive in one of Central Texas's most promising markets.
Investment Highlights
- Excellent Visibility from Hwy 290: Prime location along a high-traffic corridor connecting Austin to surrounding suburbs.
- Strong Population Growth: The 3-mile radius is expected to grow at an annual rate of 5.84%, with the 2024 population estimated at 16,585 and projected to reach 22,025 by 2029.
- Population within a 10-mile radius of the property exceeds 72,000, with consistent annual growth at just under 5%, highlighting the expanding trade area and growing consumer demand.
- Situated near ACC, Walmart, vibrant local businesses and Elgin’s renowned historic charm.
- Located in a booming area that supports local workforce and retail opportunities
- Opportunity Zone: Positioned to take advantage of economic incentives and tax benefits.
- Located at the Hwy 290 median break for optimal ingress/egress access
- Strategic Location: Situated on US-290, just 20 miles east of downtown Austin, this property provides convenient access to major markets while benefiting from Elgin's expanding economy.
- Robust Population Growth: Elgin has experienced a significant population increase, with a growth rate of 72% from 2000 to 2020, surpassing Texas' overall growth rate of 40%. This upward trend is projected to continue, offering a steadily expanding customer base.
- Economic Vitality: The city's commitment to maintaining its unique character as a Texas Main Street City, combined with its focus on future development, makes Elgin an attractive destination for businesses and families alike.
- Pro-Business Environment: Elgin offers fast-track permitting, local assistance, and a variety of incentives to support business expansion and relocation, ensuring a smooth and efficient process for new enterprises.
- Diverse and Growing Demographics: With a median age of 36 and a diverse population, Elgin presents a vibrant market with varied consumer needs, enhancing retail potential.
- Upcoming Developments: The Elgin City Council has approved the rezoning of a 60-acre tract along US-290 for a planned development district, including retail, restaurant, and other commercial spaces, indicating a strong trajectory for future growth in the area.
Loan History
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Contact Information
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Ownership Information
Property Details
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Contacts
Listing removed on
BY:
Wes Babb
•••.•••.0094
•••.babb@••••••••.com
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Comparable Properties
Rental Market Overview
This rental data is based on the nearest market to this property: Elgin, TX.
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Manor, TX
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