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    2301 Mile 3 Rd Mission, TX 78574

    For Sale
    $895,000

    4.53 Acres, Prime Commercial Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 4.53-acre commercial lot in Mission, Texas, presents a remarkable investment opportunity. Located at 2301 W Mile 3 Road, 78574, this property boasts a strategic location, situated next to a substantial apartment complex and in close proximity to the new IDEA Palmview school. The land is zoned for commercial use, making it ideal for a diverse range of businesses, including retail establishments, office spaces, or mixed-use developments. A significant feature of this property is an existing, unfinished pavilion encompassing approximately 5084 square feet. This substantial structure offers considerable potential for adaptation to various commercial uses, such as a restaurant, retail space, or event venue. Built in 2014, the property provides a solid foundation for immediate development or future expansion. The buyer is responsible for verifying all aspects of development, use, and zoning with the relevant city and governmental authorities. This prime location and versatile property offer significant potential for substantial return on investment. Serious inquiries are encouraged.

    Property Features for 2301 Mile 3 Rd

    General Information

    Property type
    Land
    Lot Size
    197,327 SF

    Building Details

    Year Built
    2014

    HighLights

    • $895,000 asking price.
    • 4.53‑acre commercial land parcel.
    • Located in Mission, TX, zip code 78574.
    • 2014 construction; includes a 5,084 SF unfinished pavilion.
    • Zoned for commercial use, suitable for retail, office, or mixed‑use development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3511367
    Latitude
    26.2621029

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    FAQs

    What type of property is this?
    Land - 4.53 Acres, Prime Commercial Lot
    Where is this land located?
    The property is located at 2301 Mile 3 Rd Mission, TX.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: $895,000 asking price.; 4.53-acre commercial land parcel.; Located in Mission, TX, zip code 78574.
    Request Owner's contact information
    2301 Mile 3 Rd Mission, TX 78574
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    Mission, TX 78574
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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
    2301 Mile 3 Rd Mission, TX 78574
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