1201 Baseline Rd Mercedes, TX 78570-2434
Investors, take note! This exceptional 5.19-acre commercial property in Mercedes, Texas, presents a compelling investment opportunity. Located at 1201 Baseline Road, 78570, this expansive lot (21,780 sq ft) currently houses two thriving businesses: a salon and a tire shop/carwash. Adding to the income potential, Watermill is currently leasing services on the property, generating a third revenue stream. The property also includes a house situated on the west side, sold "as is," offering potential for use as headquarters or an additional rental unit. Built in 1960, this property benefits from its strategic location near the Rio Grande Valley Livestock Show Grounds and Mercedes RGV Premium Outlets Shopping Centers, and is adjacent to a new development, suggesting strong future growth potential. The asking price is $398,000, representing a significant opportunity for investors seeking a multi-faceted commercial property with established income and expansion possibilities. This is a price-reduced offering, priced to sell. Don't miss this chance to acquire a valuable piece of commercial real estate in a thriving Texas market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.