1201 Baseline RdMercedes, TX 78570

Property Details for 1201 Baseline Rd

Year built

1975

Lot size

3.95 AC

Property size (Sq ft)

960 SF

Property type

Grocery and convenience stores

APN

C1400-00-080-0008-03

APU

C140000080000803

Description

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 approach

  CAP return

  Valuation

  6%

  $214,446

  6.5%

  $197,950

  7%

  $183,811

• Comparable approach

  Method

  Valuation

  Relative Method

  $228,597

  Geo Method

  $549,812

• Alternative Use

  Use

  Valuation

  Residential

  $166,978

  Hospitality

  $152,951

  Educational

  $127,254

  Medical

  $131,630

  Retail

  $197,950

Location Insight

City

Mercedes

County

Hidalgo

State

Texas

Latitude

26.1668

Longitude

-97.9104

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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