10/16/2026
🔥 **JUST LISTED | 8 UNRESTRICTED ACRES + INCOME-PRODUCING PROPERTY!** 🔥
📍 **211 Lower Elgin Road | Elgin, TX**
💰 **$895,000 — Complete Property Package**
🌳 **$750,000 — Land-Only Option**
**8 Acres. Multiple Investment Strategies. Exceptional Growth Potential.**
The Noble Group is excited to bring this unique investment and development opportunity to market!
Located adjacent to the **$108 MILLION Legacy Oak Middle School and future high school site**, this property combines unrestricted land, existing improvements, and income potential in a growing Elgin market.
🏡 **PROPERTY HIGHLIGHTS:**
✅ 8 Total Acres — Two 4-Acre Tracts
✅ Unrestricted Land — Multiple Potential Uses
✅ Newer 4BR/2BA Home — $2,300/Month
✅ Older 3BR/2BA Home + Covered Storage — $2,200/Month
✅ **Up to $54,000 in Annual Gross Rental Income**
✅ Water & Electric Infrastructure
✅ Two Existing Septic Drops
✅ Excellent Potential for Future Development
📈 **DEVELOPMENT & INVESTMENT POTENTIAL**
Looking to subdivide, build, or invest for the long term?
Our market analysis identifies comparable residential lot values ranging from:
🏠 **¼-Acre Lots: $50,000–$75,000**
🏠 **½-Acre Lots: $75,000–$100,000**
Potential development strategies include:
• Single-Family Residential Subdivisions
• Build-to-Rent & Multifamily Housing
• Retail & Commercial Development
• Self-Storage & Flex-Industrial
• Income-Producing Land Hold / Future Redevelopment
**WHY THIS PROPERTY?**
Opportunities that combine unrestricted acreage, existing rental income, infrastructure, and proximity to major public investment deserve serious consideration.
Whether you're looking to develop immediately or hold for future appreciation, **211 Lower Elgin Road offers multiple potential paths to value creation.**
📞 **READY TO EXPLORE THE OPPORTUNITY?**
We've put together a comprehensive investment package for qualified interested buyers.
📄 **Full Offering Memorandum**
📊 **Market Analysis & Comparable Sales**
🏗️ **Potential Development Strategies**
💰 **Income & Investment Overview**
📍 **Private Property Tours Available**
📲 **Contact Noble Smith and The Noble Group today to schedule your private showing and request the full investment package!**
**Noble Smith | Broker Associate**
**The Noble Group | Coldwell Banker Realty**
*Development concepts are subject to applicable governmental approvals, utility capacity, and buyer due diligence. Lot values are based on market comparables and are not guaranteed.*
