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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

229 Texas St Mercedes, TX 78570

Built 1980
Property ID
Property summary
AI-generated overview

This exceptional commercial property, priced at $799,499, presents a unique investment or owner-user opportunity. Located at 229 S Texas Street in Mercedes, Texas, 78570, this 19,500.07 square foot lot sits at the intersection of S. Texas Street and W. 3rd Street within the Historic District. The property's former use as a furniture store provides excellent visibility and accessibility to both local Mercedes residents and through-traffic. The 13,830 square foot building requires repairs, offering a chance to renovate and customize to suit a variety of retail uses. Its strategic location near established businesses like McDonald's and HEB, along with other national retail brands, ensures high foot traffic and brand recognition potential. Built in 1980, this property offers significant potential for redevelopment or repurposing within a thriving commercial area. The property's size and location make it an ideal investment for those seeking high visibility and accessibility in a well-established Texas market.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1980
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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