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Property profile & analytics
OFF-MARKET
Restaurants

109 Texas Ave Mercedes, TX 78570

25,388 SF Built 1998
Property ID
Property summary
AI-generated overview

Exceptional investment opportunity in Mercedes, Texas's Mercedes Plaza, a single-story, 25,388 square foot Class B building constructed in 1998. This property, located at 109 S Texas Ave, boasts a prime location at the signalized intersection of Texas Ave and Business 83, offering high visibility and accessibility. The building features seven suites, with a minimum divisible space of 1,388 square feet and a maximum contiguous space of 2,015 square feet. Currently, the tenant mix includes a diverse range of businesses, including Dollar Tree, Little Caesar's, World Finance, Texan Credit, and Papa Joe's Cafe. Suite 103, a 2,015 square foot space, is available for lease as a second-generation restaurant. The property is zoned F1 and is situated near major retailers such as H-E-B, Family Dollar, and AutoZone, as well as popular restaurants like Stars, Dairy Queen, and Pizza Hut. Its proximity to IH-2 further enhances its strategic location and accessibility. This property presents a unique opportunity for businesses seeking high-traffic exposure and a strong tenant base in a thriving commercial area. The Hidalgo County location offers a strong foundation for growth and success. The APN is M3550-00-003-0000-00.

Property profile
Verified
Property type Restaurants
Year built 1998
Total area 25,388 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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