416 Depot ST, Elgin TX 78621

$ 1,200,000
416 Depot ST, Elgin TX 78621,

Overview

  • Property ID
  • 2977721
  • 1 ac

Description

A rare opportunity to own a truly versatile property just minutes from the heart of downtown Elgin. This expansive 7,015 sq ft space is currently operating as a thriving hair salon and spa, yet it has been thoughtfully designed to easily transform into a residential, commercial, or mixed-use property.

Inside, you will find a flexible layout with temporary walls that create private rooms for the current business. These can be removed to reveal a wide-open, airy floor plan ready for your next vision. Whether you are dreaming of a boutique, wellness center, creative studio, office headquarters, event venue, or a one-of-a-kind live-work residence, this space delivers the square footage and adaptability to make it happen.

An attached studio with its own private entrance adds even more opportunity. It is ideal for rental income, a separate business, guest suite, or private office.

Perfectly positioned near booming downtown Elgin, this property offers the best of both worlds. You get privacy and space while staying just moments away from dining, shopping, and the vibrant energy of a growing city. High visibility, easy access, and strong surrounding development make this an exceptional long-term investment.

Property Id : 2977721
Price: $ 1,200,000
Property Lot Size: 1 ac
Parking Features: See Remarks
Lot Size(acres): 0.967
Lot Size(sf): 42122.52
Country: US
Last Listing Change: 2026-04-14T21:26:14.167Z
Property Key: 48021|000000014880|1|46780316
Status Contractual Search Date: 2026-04-14
Listing Key Numeric: 217217407
Est. Taxes: 15401
Originating System Key: actris
Originating System Name: ABOR - actris
FEMA Flood Plain: No
#Photos: 17
State: TX
Last Status Change: April 14, 2026 at 09:26pm
Street Name: Depot
Street# Ext.: 416
Street#: 416
Street Suffix: ST
Property Match: APN
$/Building Area: 171.06
Accessibility Features: See Remarks
Building Area Total: 7015
Building Features: See Remarks
Construction Materials: Brick, Concrete
Cooling: Other
Current Use: Beauty/Barber Shop
Directions: Near Hwy 290 next to railroad tracks
Flooring: See Remarks
Heating: See Remarks
Listing ID: 6475179
Listing Terms: Cash, Conventional
MLS Area Major: EL
Status: Active Under Contract
#Buildings: 1
Off Mkt Date: 2026-04-14
Other Structures: See Remarks
Parcel#: 14880
Possession: Close Of Escrow, Funding
Property Condition: Resale
Sewer: None
Special Listing Conditions: Standard
Tax Annual($): 15400.93
Utilities: See Remarks
Water Source: Public
Year Built: 1981
$ 8,217.85
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 6,067.85
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Info is deemed accurate but not guaranteed. Published info is subject to change. Buyers should conduct their own due diligence and research.

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Gerald Bodle, MBA