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    Mercedes, TX 78570

    For Sale
    $243,756

    Prime 6.66-acre tract, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    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 Features for 0

    General Information

    Property type
    Land
    Lot Size
    290,110 SF

    HighLights

    • $243,756 asking price.
    • 6.66‑acre land parcel.
    • Located in Mercedes, TX, Hidalgo County, zip code 78570.
    • Approximately 15 minutes from Mercedes Outlet Stores and the expressway.
    • Level land, suitable for subdivision development or rezoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mercedes
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9349898
    Latitude
    26.1972471

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    FAQs

    What type of property is this?
    Land - Prime 6.66-acre tract, ideal for development.
    Where is this land located?
    The property is located at Mercedes, TX.
    What is the asking price?
    The asking price for this property is $243,756.
    What are key features of this property?
    This property features: $243,756 asking price.; 6.66-acre land parcel.; Located in Mercedes, TX, Hidalgo County, zip code 78570.
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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
    Mercedes, TX 78570
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