144 Texas AveMercedes, TX 78570

Property Details for 144 Texas Ave

Year built

1984

Lot size

0.09 AC

Property size (Sq ft)

965 SF

Property type

Retail space

APN

M3550-00-047-0007-00

APU

M355000047000700

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $215,569

  6.5%

  $198,987

  7%

  $184,773

• Comparable approach

  Method

  Valuation

  Relative Method

  $229,793

  Geo Method

  $552,675

• Alternative Use

  Use

  Valuation

  Residential

  $167,853

  Hospitality

  $153,752

  Educational

  $127,920

  Medical

  $132,319

  Retail

  $198,987

Location Insight

City

Mercedes

County

Hidalgo

State

Texas

Latitude

26.1523

Longitude

-97.9139

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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