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    1005 Red River St Mexia, TX 76667

    For Sale
    $139,900

    Versatile 2,937 sq ft building, 0.55 acres.

    Property size:
    2,937 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This adaptable 2,937 square foot commercial property, situated on a 0.55-acre lot at 1005 N Red River Street in Mexia, Texas, presents a unique investment opportunity. Previously utilized as a Kingdom Hall, the building boasts a flexible floor plan readily suited for diverse commercial applications. The open layout allows for seamless customization, making it ideal for a variety of uses, including but not limited to modern office space, a religious center, or any specialized facility requiring adaptable space. The property's recent history demonstrates its inherent versatility and potential for transformation. Its location in Mexia offers accessibility and visibility, making it an attractive option for businesses seeking a prominent presence. The 0.55-acre lot provides ample space for potential expansion or additional development. This property is a blank canvas, ready for an owner to create a space perfectly aligned with their specific needs and vision. The opportunity to acquire a building with such adaptability and potential in a desirable location like Mexia is rare. Serious inquiries are encouraged to explore the possibilities this property offers.

    Property Features for 1005 Red River St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,937 SF
    Lot Size
    23,958 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -96.47741
    Latitude
    31.69187

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile 2,937 sq ft building, 0.55 acres.
    Where is this commercial real estate located?
    The property is located at 1005 Red River St Mexia, TX.
    What is the asking price?
    The asking price for this property is $139,900.
    (254) 218-4220
    Request Owner's contact information
    1005 Red River 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
    1005 Red River St Mexia, TX 76667
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