423 3Rd StMercedes, TX 78570

Property Details for 423 3Rd St

Year built

1980

Lot size

0.08 AC

Property size (Sq ft)

1,240 SF

Property type

Office buildings

APN

M3550-00-010-0000-15

APU

M355000010000015

Description

This exceptional 3,324 square foot commercial land parcel in Mercedes, Texas, presents a unique opportunity for business owners. Located at 423 W 3rd Street, this single-tenant property offers a versatile space ideal for a variety of uses. The zoning is classified as "C," allowing for diverse commercial applications. The property features a standalone building with approximately 1,240 square feet of interior space, perfect for a small business looking to establish a presence in a thriving community. With three convenient entry points and full air conditioning, the building is ready for immediate occupancy. The property includes two parking spaces, providing ample parking for customers and employees. The property's convenient location near Texas Avenue and 3rd Street ensures high visibility and accessibility. This is an excellent opportunity to acquire a well-situated commercial property in a growing Texas market. The lot size is precisely 3,324.064 square feet, and the property's APN is M355000010000015. This property is zoned for commercial use and is ready for your business to thrive. The single-tenant structure offers a unique opportunity for a business to establish a strong foothold in the Mercedes community.

• CAP approach

  CAP return

  Valuation

  6%

  $188,437

  6.5%

  $173,942

  7%

  $161,518

• Comparable approach

  Method

  Valuation

  Relative Method

  $117,175

  Geo Method

  $281,815

• Alternative Use

  Use

  Valuation

  Residential

  $215,688

  Hospitality

  $197,569

  Educational

  $164,375

  Medical

  $170,028

  Retail

  $255,695

Location Insight

City

Mercedes

County

Hidalgo

State

Texas

Latitude

26.1491

Longitude

-97.9141

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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