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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

316 3Rd St Mercedes, TX 78570

1,600 SF Built 1963
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1963
Total area 1,600 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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