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    109 Texas Ave Mercedes, TX 78570

    For Lease
    $15 SF/Yr

    Prime Mercedes, TX Office/Restaurant Space

    Lot size:
    25,388 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    Exceptional investment opportunity in Mercedes, Texas's Mercedes Plaza, a single-story, 25,388 square foot Class B building constructed in 1998. This property, located at 109 S Texas Ave, boasts a prime location at the signalized intersection of Texas Ave and Business 83, offering high visibility and accessibility. The building features seven suites, with a minimum divisible space of 1,388 square feet and a maximum contiguous space of 2,015 square feet. Currently, the tenant mix includes a diverse range of businesses, including Dollar Tree, Little Caesar's, World Finance, Texan Credit, and Papa Joe's Cafe. Suite 103, a 2,015 square foot space, is available for lease as a second-generation restaurant. The property is zoned F1 and is situated near major retailers such as H-E-B, Family Dollar, and AutoZone, as well as popular restaurants like Stars, Dairy Queen, and Pizza Hut. Its proximity to IH-2 further enhances its strategic location and accessibility. This property presents a unique opportunity for businesses seeking high-traffic exposure and a strong tenant base in a thriving commercial area. The Hidalgo County location offers a strong foundation for growth and success. The APN is M3550-00-003-0000-00.

    Property Features for 109 Texas Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,388 SF
    Class
    B
    Total Rate
    31735

    Building Details

    Year Built
    1998
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Ste. G
    Size
    1,388 SF
    Rate per SF
    $18
    Space
    Ste F
    Size
    2,000 SF
    Rate per SF
    $18
    Space
    Suite 103
    Size
    2,051 SF
    Rate per SF
    $18

    HighLights

    • Second‑generation restaurant space available.
    • Prime location near City Hall, Police Department, and Chamber of Commerce.
    • Less than one mile from the Rio Grande Livestock Show Grounds.
    • Situated at a signalized intersection.
    • Offers convenient access and excellent visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mercedes
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.913496652005
    Latitude
    26.150645574774

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    FAQs

    What type of property is this?
    Restaurant - Prime Mercedes, TX Office/Restaurant Space
    Where is this restaurant located?
    The property is located at 109 Texas Ave Mercedes, TX.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Second-generation restaurant space available.; Prime location near City Hall, Police Department, and Chamber of Commerce.; Less than one mile from the Rio Grande Livestock Show Grounds.
    Request Owner's contact information
    109 Texas Ave 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
    109 Texas Ave Mercedes, TX 78570
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