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    2818 Expressway 83 Mission, TX 78572

    Sponsored
    For Sale
    $329,500

    Prime Expressway 83 Location, High-Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 33,715 square foot commercial lot presents a remarkable investment opportunity in the thriving city of Mission, Texas. Strategically located directly adjacent to Expressway 83, this property boasts unparalleled visibility and accessibility, ensuring high traffic exposure for any commercial venture. The lot's substantial size offers ample space for development, catering to a wide range of commercial uses. Its prime location is further enhanced by its proximity to a cluster of established amenities, including numerous apartment complexes, schools, restaurants, banks, and parks. This ensures a strong and diverse demographic base, providing a ready-made customer pool and contributing to a robust rental market for any potential development. The property's address is 2818 W Expressway 83, Mercedes, TX 78572, within Hidalgo County. The asking price for this exceptional commercial lot is $329,500. This presents a unique chance to acquire a highly desirable property in a rapidly growing area with significant potential for future appreciation. Don't miss this opportunity to secure a prime piece of commercial real estate in a location brimming with potential.

    Property Features for 2818 Expressway 83

    General Information

    Property type
    Multifamily properties

    HighLights

    • 3,371 square foot commercial lot.
    • Excellent Expressway 83 location.
    • Strong surrounding demographics including apartments, schools, restaurants, banks, and parks.
    • Asking price: $329,500.
    • Multifamily property (duplex/triplex/quadruplex) on a 33,715 square foot lot in Mercedes, TX.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.4002609
    Latitude
    26.2368803

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    FAQs

    What type of property is this?
    Multifamily property - Prime Expressway 83 Location, High-Traffic Area
    Where is this multifamily property located?
    The property is located at 2818 Expressway 83 Mission, TX.
    What is the asking price?
    The asking price for this property is $329,500.
    What are key features of this property?
    This property features: 3,371 square foot commercial lot.; Excellent Expressway 83 location.; Strong surrounding demographics including apartments, schools, restaurants, banks, and parks.
    Request Owner's contact information
    2818 Expressway 83 Mission, TX 78572
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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
    2818 Expressway 83 Mission, TX 78572
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