540 N TEXAS AVENUE, MERCEDES, TX 78570
Homes for sale in Mercedes.
Homes for sale in 78570.
List Price$975,000
540 N Texas Avenue
Mercedes, TX 78570
Listing #470907
0.53
Acre
Lots / Land
Type
About This Property
This excellent 0.53 acre corner site is located at the corner of Expressway 83 (I-2), Texas Avenue, and FM 491, one of the busiest intersections in the area. Expressway 83 is major highway that connects travelers from Cameron County to Starr County. Texas Avenue is Mercedes' main road and the city's main commercial corridor, and FM 491 carries travelers to and from the Elsa/Edcouch area. The site is located on the North side of the expressway, at the entrance of the Rio Grande Valley livestock show and sees over 84,000 vehicles per day at the crux of its three roadway intersection. Due to the expanding nature of this area, land here has seen consistent value growth as commercial demand and viability continues to increase. That being said, this site is located in a strategic and ideal location in this upcoming trade area, giving it a unique and strong position in its submarket.
Property Features
Location Information
County
Hidalgo
Directions
Exit Texas Ave, go north to 540 N Texas Ave & Frontage Rd, property is on the corner.
Subdivision
Buena Vista
Interior Features
Features
Clubhouse
Exterior Features
Possession
Closing and Funding
Lot Size in Acres
0.53
Septic or Sewer
City Sewer
Lot Size in Sq. Ft.
23,086
Water
Public, City
Present Use
Commercial
Utilities
Electricity Connected, Water Connected, Sewer Connected, Phone Connected
Possible Best Use
Commercial
Utilities On Site
true
Condition
House As Is
Crops
None
Road Description
Paved
Fencing
Chain Link
Road Frontage
City Street
Lot Description
Other, Corner Lot, Irregular Lot
School
Elementary School District
Mercedes ISD
Middle School
Mercedes Junior High
Elementary School
Travis
High School
Mercedes H.S.
Additional Information
Property Type
LL
Status
Active
Property SubType
Commercial
Taxes
2310
APN
B515000000001500
Tax Year
2019
Similar Listings
Mortgage Calculator
$4,552
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$3,513
Monthly Tax
$812
Monthly Insurance
$227
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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