540 North Texas Avenue

Mercedes, TX 78570

$975,000
Price
23,086 / 0.53
Lot Size / Acres

Description

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...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.
  1. Listed by Jacob Galvan • TREC #801070234 • Coldwell Banker La Mansion

Property Details for 540 North Texas Avenue

Community Features
Clubhouse
Subdivision Name
Buena Vista
LISTING UPDATED: 11/18/2024 10:20 PM

Property Details for 540 North Texas Avenue

StatusActive
MLS #439729
Days on Market148
Taxes$2,310 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Commercial
Year Built-
Lot Size0.53 AC
CountyHidalgo County

Building Information for 540 North Texas Avenue

Lot Size0.53 AC

Property Information for 540 North Texas Avenue

Summary
Location and General Information
  • Directions: Exit Texas Ave, go north to 540 N Texas Ave & Frontage Rd, property is on the corner.
  • Road Frontage Type: City Street, FM Road, Interstate, Highway
  • Road Surface Type: Paved
  • Topography: Level
School Information
  • Elementary School: Travis
  • Elementary School District: Mercedes ISD
  • High School: Mercedes H.S.
  • High School District: Mercedes ISD
  • Middle Or Junior School: Mercedes Junior High
  • Middle Or Junior School District: Mercedes ISD
Taxes and HOA
  • Association: No
  • Parcel Number: B515000000001500
  • Tax Annual Amount: $2,310
  • Tax Legal Description: Buena Vista Pt of Lots 15 Thru 23.
  • Tax Year: 2019
Property
Lot Information
  • Building Area Units: Square Feet
  • Current Use: Commercial
  • Crops: None
  • Living Area Units: Square Feet
  • Lot Features: Other, Corner Lot, Irregular Lot
  • Lot Size Acres: 0.53
  • Lot Size Area: 23086.8
  • Lot Size Square Feet: 23086.8
  • Lot Size Units: Square Feet
Property and Assessments
  • Agriculture Tax Value: $0
  • Escrow: $9,750.00
  • Possible Use: Commercial
  • Property Condition: House As Is
Utilities
  • Water Comments: Public
  • Irrigation Source: Irrigation Water District: HCWC ID#19
  • Irrigation Water Rights: No
  • Sewer: City Sewer
  • Utilities: Electricity Connected, Water Connected, Sewer Connected, Phone Connected
  • Water Source: Public, City
  • Electric On Property: Yes
Mobile Home
Mobile Home Information
  • Home Warranty: No
Interior and Exterior Features
Exterior Features
  • Fencing: Chain Link
Rental
Rental Information
  • Leased Rent Share: 0

Property History for 540 North Texas Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 540 North Texas Avenue

Taxable ValueLand$257,420Additions$2,000Total$259,420
Tax Record2022$7,844 ($654 / month)
Home Facts
Beds3Total Finished SqFt1,053 SqFtAbove Grade Finished SqFt1,053 SqFtStories1Lot Size23,087 SqFtStyleSingle Family ResidenceYear Built1969CountyHIDALGOAPNB5150-00-000-0015-00

Schools near 540 North Texas Avenue

This home is within Mercedes Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 8 to 12
Public - PK to 5
Rating
School
Distance
Taylor Elementary School
PublicPK to 5

SGT William G Harrell Middle
Public6 to 8

Mercedes High School
Public8 to 12

North Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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540 North Texas Avenue is a 0.53 ac of land for sale in Mercedes, TX 78570. This property was listed for sale on May 30, 2024 by Coldwell Banker La Mansion, it's currently listed at $975,000. This listing's school district is Mercedes Independent School District. Nearby schools include Taylor Elementary School, SGT William G Harrell Middle and Mercedes High School. 540 North Texas Avenue is a 0-bed, 0-bath, 0.53 ac of land on a 23,086 sq. ft. / 0.53 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker La Mansion

Based on information from one of the following Multiple Listing Services: GMAR MLS, South Texas MLS and Amarillo Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by GMAR MLS, South Texas MLS and Amarillo Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.