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    102 Texas Ave Mercedes, TX 78570

    For Sale
    $315,000

    Prime Downtown Mercedes Land, High Potential

    Property size:
    5,542 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional commercial land opportunity in Mercedes, Texas, presents a compelling investment prospect. Located at 102 N Texas Avenue, this 7,999.79 square foot lot boasts a prime corner location in the heart of the city's bustling downtown area. The property, built in 1975, offers 5,542 square feet of existing building space currently configured for retail use, presenting immediate income-generating potential. The charming vintage facade adds significant curb appeal, a highly desirable feature in today's market. With some renovation and tender loving care, this versatile property can be customized to suit a wide range of business needs. The property's central location ensures high visibility and accessibility, making it an ideal site for a variety of commercial ventures. This is a rare chance to acquire a well-situated commercial property in a thriving Texas community. The asking price is $315,000. Don't miss this opportunity to capitalize on the potential of this prime downtown Mercedes location. The property's address is 102 N Texas Avenue, Mercedes, TX 78570, within Hidalgo County.

    Property Features for 102 Texas Ave

    General Information

    Property type
    Land
    Square Feet
    5,542 SF

    Building Details

    Year Built
    1975

    HighLights

    • $315,000 asking price.
    • 5,542 square foot land parcel.
    • Located at 102 N Texas Avenue, Mercedes, TX 78570.
    • 7,999.79 square foot lot size.
    • 1975 year built.
    • Prime corner location in downtown Mercedes.
    Property Profile 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
    Mercedes
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9136305
    Latitude
    26.1516084

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    FAQs

    What type of property is this?
    Land - Prime Downtown Mercedes Land, High Potential
    Where is this land located?
    The property is located at 102 Texas Ave Mercedes, TX.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: $315,000 asking price.; 5,542 square foot land parcel.; Located at 102 N Texas Avenue, Mercedes, TX 78570.
    Request Owner's contact information
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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
    102 Texas Ave Mercedes, TX 78570
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