316 W 3rd St
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316 W 3rd St
1,600 SF Vacant Retail Building Mercedes, TX 78570 $460,678 CAD ($288 CAD/SF)
Investment Highlights
- Heavy Foot Traffic, Historic Downtown Location, Winter Texan Traffic , Built in shower and 3 bathrooms, surrounded by professional businesses
Executive Summary
Nestled in the heart of downtown, within close proximity to the beloved Formancios Pizza, lies an exceptional commercial property poised to cater to a diverse clientele. Boasting a strategic location, this property captures a unique blend of traffic ranging from winter Texans seeking a warm retreat to steadfast locals who frequent the vibrant downtown scene. Spanning an expansive 1600 square feet, this flexible space presents an unparalleled opportunity for a wide spectrum of businesses. Among its standout features are three well-appointed bathrooms, including one with a full shower—a rare amenity that adds practicality and convenience. Beyond its physical attributes, the property benefits from its central location, strategically positioned to capitalize on foot traffic and visibility. With its strategic location, flexible layout, and desirable amenities, it stands as a testament to the promise of downtown vitality and entrepreneurial vision. Call today for a private tour.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,600 SF
Building Class
C
Year Built
1963
Price
$460,678 CAD
Price Per SF
$288 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.73
Lot Size
0.05 AC
Zoning
F1 - Current Zoning Restaurant F1
Parking
10 Spaces (6.25 Spaces per 1,000 SF Leased)
Frontage
101 ft on West 3rd St
Amenities
- 24 Hour Access
Walk Score ®
Very Walkable (78)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | M3550-00-014-0002-00 | Improvements Assessment | $57,127 CAD |
Land Assessment | $21,626 CAD | Total Assessment | $78,753 CAD |
PROPERTY TAXES
Parcel Number
M3550-00-014-0002-00
Land Assessment
$21,626 CAD
Improvements Assessment
$57,127 CAD
Total Assessment
$78,753 CAD
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316 W 3rd St
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