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116 Depot St, Elgin, TX 78621
$695,000
116 Depot St, Elgin, TX 78621View this property at 116 Depot St, Elgin, TX 78621
116 Depot StElginTX78621
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Property Description
Built in 1890 by Thomas O'Conner, this is the last 2 story building in Elgin that has not been redone! Originally bricks came from Butler Brick , but O'Conner found a source for good clay and made his own. This building sits on a wonderful location, across from Veterans Memorial Park, diagonal from the site of a huge new City Park in the planning stage and just down from what will be Elgin's new police Station. On the back side is the Post Office. With approximately 6700 square feet per BCAD, this building has the possibility of being one of the most important buildings in downtown Elgin.The original freight elevator is still there and in working order! The downstairs would be a good location for a restaurant/venue with plenty of room for outdoor seating at the back with a view of an original mural by the owner of the building! Upstairs has been an artist studio but could be an amazing home, or 3-4 apartments. Elgin is a growing, thriving community and this is a rare opportunity! There are state and federal tax credits as well as the potential of funds through Elgin's EDC for the right project!
Full Property Details
Full Property Details for 116 Depot St
General
- Price: $695,000
- Taxes: $14,271 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 4966207
- Updated: 3/1/2024
- Added to Site: 190 day(s) ago
Interior
- Flooring: Wood
Additional Information
- Equipment: None
- Other Features: None
Parking
- Total Spaces: 6
- Parking Features: Alley Access
- Parking Ratio: 1
Location
- Area: EL
- County: Bastrop
- Subdivision: Elgin City
- Driving Directions: Located at the corner of Avenue C and Depot Street
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Sewer Connected
Structural Information
- # Buildings: 1
- Exterior Const.: Brick
- Foundation: Pillar/Post/Pier, Slab
- Disability Access: None
- Square Feet: 6,700
- Current Bldg. Use: Other
- Year Built: 1935
- Property Condition: See Remarks
Additional Structures
- Other Structures: None
Lot Features
- Property View: Downtown, Park/Greenbelt
- Lot Size (Acres): 0.132
- Lot Size (Sq. Ft.): 5,749.92
- Lot Size Source: Public Records
- Street/Road Desc.: PVD
- Topography: Level
- Zoning: Zoned C 3/1 and Zone 1 allowing 50% Commercial in front and 50% residential in rear. Located in Historical District
Financial Considerations
- Lot Price Per Sq. Ft.: $120.87
- Tax Amount: $14,271.71
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Documents Avail.: See Remarks
- Restrictions: Zoning
- Inclusions: Building & Land
- Property ID: R12346
Listed by Winkler & Co REALTORS, Menley
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Schools
Schools serving 116 Depot St
School District:Elgin Independent School District
Rating | Name | Grades | Distance |
---|---|---|---|
1005 W 2nd St, Elgin, TX 78621 | PK-5 | 0.5 mi | |
1351 N Avenue C, Elgin, TX 78621 | 6-8 | 1.2 mi | |
14000 County Line Rd, Elgin, TX 78621 | 9-12 | 2.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 116 Depot St
Date
Details
Price
Change
Source
2/21/2024
Price Reduced
$695,000
-7.21%
MLS
11/15/2023
Price Reduced
$749,000
-3.97%
MLS
10/24/2023
Listed
$780,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 116 Depot St
Year
Property Taxes
Change
Tax Assessment
Change
2023
100%
$630,129
13%
2022
100%
$558,347
26%
2021
-100%
$442,757
40%
2020
$9,034
-3%
$315,632
—
2019
$9,311
—
$315,632
—
2019
$9,311
16%
$315,859
18%
2017
$8,014
10%
$268,255
11%
2016
$7,304
-3%
$242,686
—
2014
$7,555
—
$242,686
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 116 Depot St
116 Depot St, Elgin, TX 78621 (MLS# 4966207) is a Commercial property. 116 Depot St is currently listed for $695,000 and was received on October 24, 2023. Want to learn more about 116 Depot St? Do you have questions about finding other Commercial real estate for sale in Elgin? You can browse all Elgin real estate or contact a Coldwell Banker agent to request more information.