1241 Mercantile St - Storefront Retail/Residential FOR SALE


Richmond, TX 77406- Pecan Grove
$1,450,000 USD
832-443-4293
1241 Mercantile St, Richmond, TX for Sale
$1,450,000 USD
Storefront Retail/Residential - FOR SALE
1/12
null | Request Cap Rate

1241 Mercantile St
Richmond, TX 77406
Pecan Grove


HIGHLIGHTS

  • In highly walkable Indigo community
  • Designed for easy conversion to residential
  • Will be first privately owned commercial building open at Indigo

OVERVIEW

The first "incremental retail" building in Indigo Commons! A gorgeous three story mixed use building at the heart of Indigo and in the middle of the town center, Indigo Commons. Designed to house the marketing team and HOA for Indigo, this building is currently for sale while it is being built. The downstairs is a retail/hospitality space with a bar, plentiful windows, and opens onto a private patio space. The two floors upstairs are designed to be office spaces. The upstairs floors have been designed so that they can easily be converted to residential - with pipes in place to install sprinklers if needed. Each floor has approximately 700sq ft of usable space. Construction will be complete by January 2026. Great live-work space for a small business owner. Located in the "urban in the suburbs" Indigo Community. This will be only the 2nd commercial space open in Indigo, and the first building owned by someone in the community. This is a chance for a business to make its mark and establish itself in the community of 700 homes and 150 apartments. First residents moving in August 2025, all homes to be completed by 2027. Just south of Harvest Green and in the middle of much more development that is under way along Harlem Road. Potential buyers are welcome to drive by and view the construction site from the road. Please reach out to Nick to schedule a showing to learn about the property and tour the community. Property is subject to a Commercial Association, and the patio space is technically owned by the HOA but leased and maintained by the owner of the building.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$604 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

STATUS

Under Construction

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Live-Work Retail Building at Indigo

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

1,000 SF

ZONING

Mixed use

APN/PARCEL ID

0096-00-000-0319-907

ASK ABOUT THIS PROPERTY

Nick PanzarellaMeristem CommunitiesMore Info
832-443-4293

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Nick PanzarellaMeristem CommunitiesMore Info
832-443-4293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.