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    540 Texas Ave Mercedes, TX 78570

    For Sale
    $975,000

    High-traffic corner lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 0.53-acre commercial land parcel presents a unique investment opportunity in Mercedes, Texas. Situated at the hard corner of Expressway 83 (I-2), Texas Avenue, and FM 491, this property boasts unparalleled visibility and accessibility. The intersection sees over 84,000 vehicles daily, placing your business at the heart of a bustling commercial corridor. Texas Avenue serves as Mercedes' main commercial thoroughfare, while Expressway 83 connects Cameron and Starr Counties, and FM 491 provides access to Elsa/Edcouch. The site benefits from its proximity to numerous established businesses, including HEB, McDonald's, and other national retailers. This high-traffic location, combined with the area's consistent growth and limited competition, creates a compelling investment case. The property is offered fee simple, providing complete ownership. The strategic location at the entrance of the Rio Grande Valley Livestock Show further enhances its appeal. This is a rare opportunity to acquire a highly visible, well-positioned commercial lot in a thriving Texas market. Daily traffic counts include 73,157 vehicles on Expressway 83 and 10,673 on Anacuitas Street (FM 491). The property's location offers excellent visibility and strong potential for future appreciation. This is a prime opportunity for businesses seeking high visibility and strong traffic counts in a growing market.

    Property Features for 540 Texas Ave

    General Information

    Property type
    Land
    Lot Size
    23,087 SF

    HighLights

    • High‑profile corner lot.
    • Prime location.
    • Expanding market area with high growth potential.
    • Exceptional street visibility.
    • High traffic volume.
    • Strategically positioned at a three‑way intersection of major roadways.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Mercedes
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.913593365986
    Latitude
    26.156796463665

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, prime location.
    Where is this land located?
    The property is located at 540 Texas Ave Mercedes, TX.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: High-profile corner lot.; Prime location.; Expanding market area with high growth potential.
    (956) 631-1322
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    540 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
    540 Texas Ave Mercedes, TX 78570
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