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    515 Commerce St Palacios, TX 77465

    For Sale
    $285,000

    Commercial Sale - Palacios, TX

    Property size:
    5,596 SF
    Lot size:
    0.49 Acres
    Days on Market:
    207
    Last Refresh:
    Dec 11 at 10:06 am

    Property Features for 515 Commerce St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-commercial
    Size
    5,596 SF
    Lot size
    0.49 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1950
    Roof type
    Metal
    Architectural style
    Other

    RE/MAX Coastal Properties (361) 972-5900

    Listing agent Ron Laws (361) 972-5900

    Listing date May 19, 2025

    MLS# 778441 Listing URL

    Copyright © 2025 Matagorda County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spacious Commercial Building in Palacios

    This commercial building offers over 5,500 square feet of space on a 0.49-acre lot. The lot measures 144 feet wide by 150 feet in depth. Located one block from Tres Palacios Bay, the property provides ample parking for 20 to 30 vehicles. The location has many possibilities and has previously been used as a restaurant, event center, lumber yard, and plumbing store. It is situated one block from a new splash pad and an educational pavilion, with Railroad Park located across the street. The zoning is C-commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Outrigger Event Center Event Venue

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Palacios
    County
    Matagorda
    State
    Texas
    Longitude
    -96.2181831
    Latitude
    28.700204

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    FAQs

    What type of property is this?
    Storefront property - Over 5,500 sq ft commercial building near Tres Palacios Bay.
    Where is this storefront property located?
    The property is located at 515 Commerce St Palacios, TX.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: - Over 5,500 square feet of commercial space.; - Ample parking for 20 to 30 vehicles.; - .49 acre lot (144' x 150').
    (361) 972-5900
    Request Owner's contact information
    515 Commerce St Palacios, TX 77465
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    Palacios, TX 77465
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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
    515 Commerce St Palacios, TX 77465
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