316 3Rd St Mercedes, TX 78570
- Retail properties
- 1,600 SF
Current Use by Public Records
- Retail properties
Property Details for 316 3Rd St
- Year built
- 1963
- Property size
- 1,600 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional 1,600 square foot restaurant, located in the heart of Mercedes' historic district, presents a unique investment opportunity. Built in 1963, this Class C retail property sits on a 2,000 square foot lot and offers ample parking with 10 spaces. The building features a single story and boasts three bathrooms, one with a full shower – a rare and valuable amenity. The property is zoned for commercial use and enjoys a prime location, benefiting from high foot traffic and visibility near Formancios Pizza. Its central location attracts both local residents and winter Texans, creating a diverse customer base. The asking price is $325,000, translating to $203.12 per square foot. This adaptable space is ideal for a variety of restaurant concepts, capitalizing on the vibrant downtown energy and strong local presence. The property's net rentable area is 1,600 square feet, offering a functional and efficient layout. This is a rare chance to own a well-situated commercial property in a thriving Texas community. The property's APN is M3550-00-014-0002-00.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mercedes
- County
- Hidalgo
- State
- Texas
- Longitude
- -97.9126
- Latitude
- 26.1488
