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    5605 Mile 3 Rd Mission, TX 78574

    For Sale
    $2,000,000

    High-Traffic Convenience Store w/ Potential

    Property size:
    8,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This 8,100-square-foot retail property in Mission, Texas, presents a compelling investment opportunity. Located on W Mile 3 Rd, this single-story building boasts a prime location with over 12,000 cars passing daily, according to TXDOT traffic counts. Currently operating as a convenience store and grocery store with 100% occupancy, the property offers significant upside potential. The existing business includes a deli kitchen, readily available for reopening, and a tenant currently paying $2,750 monthly rent. An additional income stream comes from a leased trailer home on the 0.96-acre lot, generating $350 monthly rent. The property features a septic tank and propane gas tank, as municipal sewer and gas lines are not yet available. The asking price is $2,000,000 ($246.91/sq ft). The seller is open to financing with a 10% down payment on the building plus inventory

    Property Features for 5605 Mile 3 Rd

    General Information

    Property type
    Automotive properties
    Square Feet
    8,100 SF
    Lot Size
    42,079 SF

    Building Details

    Year Built
    1987
    Buildings
    1
    Stories
    1

    HighLights

    • High‑profit potential; significant upside through expansion of offerings (e.g., lottery, tobacco, deli).
    • Owner financing available with 10% down payment on building and inventory; larger down payment required if inventory purchase is declined.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop Skin Care Clinic Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.381578092346
    Latitude
    26.267290497188

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    FAQs

    What type of property is this?
    Automotive property - High-Traffic Convenience Store w/ Potential
    Where is this automotive property located?
    The property is located at 5605 Mile 3 Rd Mission, TX.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: High-profit potential; significant upside through expansion of offerings (e.g., lottery, tobacco, deli).; Owner financing available with 10% down payment on building and inventory; larger down payment required if inventory purchase is declined.;
    Request Owner's contact information
    5605 Mile 3 Rd Mission, TX 78574
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    Mission, TX 78574
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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
    5605 Mile 3 Rd Mission, TX 78574
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