1514 Mercury Dr Houston, TX 77029-2616
This exceptional 1,644 square foot mixed-use property, located at 1514 Mercury Drive in Houston, Texas 77029, presents a unique investment opportunity. Situated on a desirable corner lot spanning 5,718 square feet, this single-story building offers ample parking and versatile space suitable for various uses, including medical office, quick-service restaurant (QSR), or storefront retail. Built in 1945 and renovated in 1998, the property is currently vacant, allowing for immediate customization to suit your specific business needs. The asking price is $268,000, translating to $163.02 per square foot. Conveniently located with easy access to major thoroughfares including I-10, I-610, and Highway 90, this property benefits from high visibility and excellent accessibility. According to the MLS flood map, this property is not located in a flood zone. The seller is offering financing options, making this an even more attractive proposition for potential buyers. This is a rare opportunity to acquire a well-located, versatile property with significant upside potential. Contact us to learn more about this exciting investment opportunity.
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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.