Technical
Financial
Distress signals
Property profile

144 Texas Ave Mercedes, TX 78570

OFF-MARKET
Retail space
Property ID
US82-4651439
965 SF 0.09 ac lot Built 1984
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial land parcel, located at 144 N Texas Avenue in historic downtown Mercedes, Texas, presents a unique investment opportunity. The property boasts a generous lot size of 3,998.808 square feet and is zoned C, offering considerable flexibility for a variety of commercial uses. The site currently features a single-tenant building with a total of 1 suite. Conveniently located near popular establishments such as McDonald's and H-E-B, this property enjoys high visibility and accessibility, ensuring a steady flow of potential customers. Ample parking is provided with 10 dedicated spaces at the rear of the property, supplemented by readily available street parking. The property's adaptable layout allows for customization to suit diverse business needs, making it an ideal location for a wide range of commercial ventures. The property's address is 144 N Texas Avenue, Mercedes, TX 78570, and its APN is M355000047000700. This is a rare chance to acquire a well-situated commercial property in a thriving Texas town. The property's strategic location and versatile zoning make it an attractive prospect for both established businesses and new ventures seeking a prominent presence in the heart of Mercedes. Don't miss this chance to secure this prime commercial land.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1984
Total area 965 SF
Lot 0.09 ac (3,999 SF)
APN M3550-00-047-0007-00
UPID US82-4651439

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Counselor Mental Health Clinic
  • Medical Clinic
  • Church

Location

144 Texas Ave Mercedes, TX 78570-2745
Mercedes metro Census 23105 MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2007
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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