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    544 Texas Ave Mercedes, TX 78570

    For Sale
    $278,000

    High-traffic corner lot, ideal for restaurant.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional commercial land parcel, priced at $278,000, presents a unique investment opportunity in Mercedes, Texas. Spanning 13,503.16 square feet (approximately 0.31 acres), this property boasts a highly desirable location at the intersection of Expressway 83 (I-2), Texas Avenue, and FM 491 – one of the busiest intersections in the area. This strategic corner lot benefits from exceptional visibility and accessibility, situated on the north side of Expressway 83, a major highway connecting Cameron and Starr Counties. Texas Avenue serves as Mercedes' primary commercial corridor, while FM 491 provides convenient access to Elsa and Edcouch. The site's proximity to the Rio Grande Valley livestock show further enhances its appeal, with over 84,000 vehicles traversing this intersection daily. Built in 1997, this property is poised for significant growth, reflecting the expanding commercial demand and consistent value appreciation in this thriving trade area. The property's location ensures high visibility and accessibility, making it an excellent choice for a restaurant or other commercial venture. This is a rare opportunity to acquire a prime commercial lot in a high-growth area. The property is zoned for commercial use and is ready for development. The address is 544 N Texas Avenue, Mercedes, TX 78570.

    Property Features for 544 Texas Ave

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1997

    HighLights

    • $278,000 asking price.
    • 13,503.16 sq ft lot.
    • 1997 construction.
    • Land and retail property located at 544 N Texas Avenue, Mercedes, TX 78570.
    • High‑traffic corner lot at the intersection of Expressway 83, Texas Avenue, and FM 491 in Mercedes, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mercedes
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9138062
    Latitude
    26.157343

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    FAQs

    What type of property is this?
    Restaurant - High-traffic corner lot, ideal for restaurant.
    Where is this restaurant located?
    The property is located at 544 Texas Ave Mercedes, TX.
    What is the asking price?
    The asking price for this property is $278,000.
    What are key features of this property?
    This property features: $278,000 asking price.; 13,503.16 sq ft lot.; 1997 construction.
    Request Owner's contact information
    544 Texas Ave Mercedes, TX 78570
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    Mercedes, TX 78570
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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
    544 Texas Ave Mercedes, TX 78570
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