446 S Texas Avenue, Mercedes

$340,000

0 Beds
0 Baths
6,000 Sqft
.92 Acres
0 Garages

This property is facing foreclosure and MUST SELL! Located on a busy corner, in the heart of downtown Mercedes, on Texas Ave. 3 lots totaling an est. 1 acre.
CURRENTLY ZONED COMMERCIAL
HISTORICAL DISTRICT
PRIME LOCATION
INCOME PRODUCING
ENDLESS POSSIBILITIES
DIRECTLY ACROSS FROM AUTO-ZONE
NEXT DOOR TO PRONTO INSURANCE
ADJACENT TO NEWLY REMODELED MULTI-LEVEL APARTMENT COMPLEX
GAS LINES
PUBLIC WATER
CITY SEWER

Property is currently used as a multi-unit development accepting Section 8 Housing. 7 units plus a large home are occupied totaling an est. $4500/mo. in rent. Many of the tenants are long term and on month to month leases. Property vacancies lease out very quick as it's located in the direct down-town area along the route of City Parades.

Best suitable use of property would be to remodel and increase rent using larger home as restaurant OR demolish and re-build apartments, strip center or restaurant OR demolish and bring in a corporate company.

Essential Information
MLS® #325332
Price$340,000
Bathrooms0.00
Square Footage6,000
Acres0.92
Year Built1993
TypeCommercial
Sub-TypeCommercial
StatusActive
Community Information
Address446 S Texas Avenue
AreaMercedes
SubdivisionMercedes Original Townsite
CityMercedes
CountyHidalgo
StateTX
Zip Code78570
Parking

Blacktop, Off Street Parking, Paved

Interior
HeatingCentral, Electric, Window
Exterior
ExteriorOther, Stucco
Exterior FeaturesMature Trees
RoofComposition Shingle, Metal
Additional Information
Date ListedDecember 4th, 2019
ZoningC
Listing Details
AgentBambi Musick
OfficeCommerce Realty, LLC
Property History
Price Reduced from $375,000 to $340,000
LISTING MAP

Properties for Sale Similar to 446 S Texas Avenue, Mercedes, TX

Photo of Listing #329958

720 Anaquitas Street, Mercedes

$314,900 - 1,320 Sf

MLS® # 329958

Imelda Saldivar Big Realty
Photo of Listing #329635

105 N Vermont Avenue, Mercedes

$285,000 - 24,310 Sf

MLS® # 329635

Zaida Villarreal-delrio Encore Fine Properties
Photo of Listing #317016

100 S Texas Street, Mercedes

$325,000 - 6,000 Sf

MLS® # 317016

Beverly Madden Davis Real Estate - Weslaco

The information being provided by the Greater McAllen Association of REALTORS®, INC. is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.