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    2Nd St Mercedes, TX 78570

    For Sale
    $390,000

    .57-Acre Corner Lot, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional .57-acre commercial lot, totaling 24,829.2 square feet, presents a remarkable investment opportunity in Mercedes, Texas. Strategically located at 0 E 2nd Street, zip code 78570, this property boasts unparalleled visibility due to its corner location. Its prime position next to a Sonic Restaurant and an HEB park ensures high traffic and exposure, ideal for businesses seeking maximum customer reach. The surrounding area is characterized by a thriving commercial landscape and strong community support, promising significant growth potential. This land is zoned for commercial use, making it perfect for a variety of retail or service-oriented businesses. The property's size and location offer significant advantages for businesses seeking to establish a strong presence in a rapidly developing area of Hidalgo County. The asking price for this exceptional commercial land is $390,000. This represents a unique chance to acquire a highly visible and strategically located property in a dynamic and growing community. Don't miss this opportunity to secure a prime piece of commercial real estate in Mercedes, Texas. The property is situated at latitude 26.1500337 and longitude -97.91007.

    Property Features for 0 2Nd St

    General Information

    Property type
    Land
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mercedes
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.91007
    Latitude
    26.1500337

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    FAQs

    What type of property is this?
    Land - .57-Acre Corner Lot, High Visibility
    Where is this land located?
    The property is located at 2Nd St Mercedes, TX.
    What is the asking price?
    The asking price for this property is $390,000.
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    2Nd St Mercedes, TX 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
    2Nd St Mercedes, TX 78570
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