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    3501 Mile 7 Rd Mission, TX 78574

    Sponsored
    For Sale
    $556,000

    1.76-acre Multi-Use Property, $556K

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.76-acre commercial property, located at 3501 W Mile 7 Road in Mission, Texas (zip code 78574), presents a unique investment opportunity. Built in 2004, this versatile property boasts a prime location with direct frontage and access to the main street (FM 2221-107 near La Homa Road), situated in a highly commercialized area. The property currently features a 1875 sq ft residential unit leased for $1000/month, office space leased for $1200/month, and a garage space leased for $400/month, generating a substantial rental income stream. The irregular-shaped parcel (parcel #534798) offers significant potential for diverse uses, including but not limited to restaurants, drive-thrus, and auto sales. Any proposed use beyond the current configuration requires prior approval from the City of Mission. This property's strategic location and flexible zoning make it an ideal investment for both seasoned and emerging commercial investors seeking a high-return opportunity in a thriving Texas market. The asking price is $556,000. Serious inquiries only.

    Property Features for 3501 Mile 7 Rd

    General Information

    Property type
    Restaurants
    Lot Size
    76,709 SF

    Building Details

    Year Built
    2004

    HighLights

    • $556,000 asking price for a multi‑use property.
    • 1.76‑acre lot in Mission, TX, at 3501 W Mile 7 Road, zoned for commercial use.
    • 2004 construction with existing tenants generating $2,600 monthly income.
    • High commercial traffic area with frontage on FM 2221 and access to main street 107.
    • Suitable for various uses including restaurant, drive‑thru, or auto sales (subject to city approval).
    Property Profile Location Intelligence

    Current Use by Public Records

    MC Used Cars ... Junkyard Rafa's Appliance Used Appliance Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3520383
    Latitude
    26.3215144

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    FAQs

    What type of property is this?
    Restaurant - 1.76-acre Multi-Use Property, $556K
    Where is this restaurant located?
    The property is located at 3501 Mile 7 Rd Mission, TX.
    What is the asking price?
    The asking price for this property is $556,000.
    What are key features of this property?
    This property features: $556,000 asking price for a multi-use property.; 1.76-acre lot in Mission, TX, at 3501 W Mile 7 Road, zoned for commercial use.; 2004 construction with existing tenants generating $2,600 monthly income.
    Request Owner's contact information
    3501 Mile 7 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
    3501 Mile 7 Rd Mission, TX 78574
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