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    909 Milam St Mexia, TX 76667

    For Sale
    $850,000

    Prime Mexia flex space, ideal for auto, distribution.

    Property size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This 8,000-square-foot industrial/retail building sits on a 1.11-acre lot at 909 E Milam St in Mexia, Texas, 76667. The property offers excellent visibility and high traffic counts, boasting approximately 170 feet of frontage on East Milam Street, with over 15,000 vehicles passing daily. Its strategic location is just 1.2 miles east of State Highway 14, providing easy access and convenient transportation. The building features one dock and a 20' x 16' overhead door, along with a fully fenced and gated rear yard containing approximately 10,400 square feet of concrete paving. The property is currently configured as an auto shop, but its flexible design makes it suitable for various uses, including distribution and other flex space needs. Prior to closing, existing lift and auto equipment will be removed. Owner financing is available. The property is located within the City of Mexia, Limestone County, and Mexia ISD. The total tax rate for 2021 was $2.78 per $100 of assessed value. A survey and detailed demographics are readily available upon request. The asking price is $850,000, and the lease type is NNN.

    Property Features for 909 Milam St

    General Information

    Property type
    Automotive properties
    Square Feet
    8,000 SF
    Lot Size
    48,352 SF

    HighLights

    • 8,000 SF retail/flex building on 1.11 acres, located on East Milam Street in downtown Mexia, TX; available for sale or lease.
    • One dock‑high door and one 16' x 20' overhead door.
    • Lift and auto equipment to be removed before closing.
    • Fully fenced and gated rear yard with approximately 10,400 SF of paved concrete; +/- 170' of frontage.
    • Owner financing considered.
    • High visibility location, 1.2 miles east of State Highway 14, with over 15,000 vehicles per day passing by.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness 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
    -96.4726989
    Latitude
    31.685104

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    FAQs

    What type of property is this?
    Automotive property - Prime Mexia flex space, ideal for auto, distribution.
    Where is this automotive property located?
    The property is located at 909 Milam St Mexia, TX.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 8,000 SF retail/flex building on 1.11 acres, located on East Milam Street in downtown Mexia, TX; available for sale or lease.; One dock-high door and one 16' x 20' overhead door.; Lift and auto equipment to be removed before closing.
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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
    909 Milam St Mexia, TX 76667
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