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    1123 E Milam St Mexia, TX 76667

    For Sale
    $80,000

    Unimproved Land - Mexia, TX

    Type:Unimproved Land
    Lot size:
    0.14 Acres
    Days on Market:
    132
    Last Refresh:
    Dec 10 at 6:06 pm

    Property Features for 1123 E Milam St

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R16887
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    2021
    Architectural style
    Other

    Rachel Anderson Real Estate (254) 739-2942

    Listing agent Rachel Anderson (254) 739-2942 License #0461326

    Listing date Aug 1, 2025

    MLS# 21012226 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land on High Traffic Highway

    This affordable 0.144-acre lot is located on a high-traffic section of US Highway 84 in Mexia, Texas. Situated between Woodson’s and Tractor Supply, and across the street from Mike Terry Chevrolet, the location offers high visibility. The property is versatile and suitable for a small business, office, food truck, or beauty shop. According to the seller, the billboard on the property generates $108 in monthly revenue. The lot features approximately 62.5 feet of frontage on US Highway 84 and a depth of 90.6 feet. A septic tank is already in place on the property. Future construction by TxDot will add a turning lane and sidewalk, further enhancing the location. Note that the building is not included in the sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mexia
    County
    Limestone
    State
    Texas
    Longitude
    -96.467037
    Latitude
    31.685323

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    FAQs

    What type of property is this?
    Commercial land - Affordable lot on high-traffic highway, suitable for various businesses.
    Where is this commercial land located?
    The property is located at 1123 E Milam St Mexia, TX.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: - High-traffic location on Hwy 84, offering excellent visibility.; - Versatile lot suitable for various businesses (small business, office, food truck, etc.).; - Existing septic tank in place.
    (254) 739-2942
    Request Owner's contact information
    1123 E Milam St Mexia, TX 76667
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    Mexia, TX 76667
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1123 E Milam St Mexia, TX 76667
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