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    843 Mile 13 Weslaco, TX 78596

    For Sale
    $115,000

    1.18 Acres, Buildable Commercial Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.183-acre commercial lot in Progreso Lakes, Texas, presents a unique investment opportunity. Located at 843 W Mile 13 N, Hidalgo County, zip code 78596, this property boasts a quiet ranchette setting with all utilities readily available. Priced at $115,000, it offers significant potential for development. The lot is conveniently situated between Westgate Drive and FM 88 on Mile 13 North, providing easy access and visibility. Importantly, this property is outside of FEMA flood zones, eliminating flood insurance concerns. A new minimum 1,500 square foot living area on a concrete foundation is required for any construction. This land offers the advantage of no city taxes and no HOA fees, reducing overall ownership costs. The paved road access ensures convenient transportation. While this specific lot is 1.183 acres, please inquire about the availability of larger lots at varying price points. This is an ideal location for those seeking a peaceful yet accessible commercial development site. Coordinates are 26.242427 latitude and -97.9988044 longitude.

    Property Features for 843 Mile 13

    General Information

    Property type
    Land
    Lot Size
    51,531 SF

    HighLights

    • $115,000 asking price.
    • 1.183‑acre commercial land parcel.
    • Located in Progreso Lakes, TX, Hidalgo County, zip code 78596.
    • All utilities available; paved road access.
    • No city taxes or HOA fees.
    • Minimum 1,500 sq ft home required on concrete foundation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Wholesale Shop Auto Repair Shop Kitchen & Bath Accounting Firm HVAC Service Grocery Store Convenience Store Travel Agency Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9988044
    Latitude
    26.242427

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    FAQs

    What type of property is this?
    Land - 1.18 Acres, Buildable Commercial Lot
    Where is this land located?
    The property is located at 843 Mile 13 Weslaco, TX.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: $115,000 asking price.; 1.183-acre commercial land parcel.; Located in Progreso Lakes, TX, Hidalgo County, zip code 78596.
    Request Owner's contact information
    843 Mile 13 Weslaco, TX 78596
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    Weslaco, TX 78596
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    843 Mile 13 Weslaco, TX 78596
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