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$775,000

$294,500

2642 Hwy 84 W, Mexia, TX, 76667

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,872 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$414 / sqft
Year BuiltBuilt in 1985

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesElectric Cooktop

Exterior

Exterior FeaturesBalcony

Building Information

Garage Spaces2

About this property

Unique prairie style home with Large Shop. Highway frontage to operate a good business as well as a homestead. Creek runs through the property to a large pond in the back. There are fish in this pond. The home needs work, but is occupied by the owner. Home has a 2nd story bedroom that has exterior balcony and staircase down. Could easily turn into 2 rental properties, and the building could be multiple rental spaces for a couple of businesses if you wanted. Mineral Rights to be retained by seller, but he will consider selling with a suitable offer. Seller owns two parcels that total approximately 20.29 acres total. Owner would love to sell all together, but is willing to sell separately. The owner is also willing to sell the business and equipment depending on offer. The business has a separate water meter and electrical meter. So there are 2 water meters on the property. Great Multi-Use Property - Submit your offer today!

Investor Tools

$0Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,650 /month
Positive
Cash Flow Estimate:
$1,550 /month

Interested in this property?

Dawn James

Coldwell Banker Apex, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Mexia

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2642 Hwy 84 W | Property Details | No Agent List