1.60 Acres in Mercedes, Texas

Vacant Land for Sale
Catylist Listing ID: 30153304
Property Subtypes: Retail, Retail-Pad, Other
Gross Land Area: 1.60 Acres
Sale Price: $655,000
Unit Price: $409,375 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/11/2017

Overview / Comments

Prime corner of approximately 1.6 acres with well established C-Store, large home with pool and warehouse/shop.  Property is being sold for commercial land value.  Home is 4,300 SF, warehouse/shop is 7,500 SF and currently leased and C-Store is 1,785 SF.  2008 traffic counts were 14,500 vehicles daily.  Located on E. Business 83 in Mercedes, Texas near the Rio Grande Valley Outlet Mall. Three schools just south of location and site is adjacent to the City Park and Civic Center.  Property has direct access to three roads; Business 83 currently being expanded to 5 lanes and FM 491 which is already 5 lanes.  C-Store fronts to Business 83.  Excellent commercial opportunity.

Additional Details

Nearest MSA: McAllen-Edinburg-Mission
County: Hidalgo
Property Visibility: Good
Site Description: Located on 640-642 E Business 83 in Mercedes, Texas.
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,468 24,026 62,995
Median Age: 31.42 28.43 29.12
Households: 1,134 6,743 17,220

Contact

Photograph of Listing Agent

Randy Summers, CCIM

Davis Equity Realty STCAR CIE Member
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