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Mercedes, TX 78570

OFF-MARKET Land Google Maps
6.66 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 6.66-acre land parcel presents a compelling investment opportunity in Mercedes, Texas. Located at 0 N Mile 1 1/2 W, this sizable tract is conveniently situated approximately 15 minutes from the Mercedes Outlet Stores, the Rio Grande Livestock Show Grounds, and the expressway, offering easy access to key amenities and transportation routes. The property has already undergone significant preparation, with the land having been leveled. Furthermore, the sellers possess certification of completed work from the State Conservation Board, a service for which they invested over $7,000. This certification adds significant value and assures potential buyers of the property's readiness for development. The property's size and location make it particularly well-suited for subdivision construction, and there's potential for rezoning to accommodate various development plans. The seller is highly motivated and open to offers, making this an attractive opportunity for investors seeking a versatile and well-prepared land parcel in a desirable location. The asking price is $243,756. This property is located in Hidalgo County, Texas, zip code 78570.

Property profile

Verified
Property type Land
Lot 6.66 ac (290,110 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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