1514 Mercury DrHouston, TX 77029

Property Details for 1514 Mercury Dr

Year built

1945

Construction

WOOD FRAME

Lot size

0.13 AC

Property size (Sq ft)

2,064 SF

Property type

Retail properties

Property subtype

Retail space

APN

552190170026

APU

552190170026

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $621,385

  6.5%

  $573,586

  7%

  $532,615

• Comparable approach

  Method

  Valuation

  Relative Method

  $768,798

  Geo Method

  $1,557,211

• Alternative Use

  Use

  Valuation

  Residential

  $483,841

  Hospitality

  $443,196

  Educational

  $368,734

  Medical

  $381,415

  Retail

  $573,586

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.764

Longitude

-95.2475

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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