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    2804 Mile 7 Rd Mission, TX 78574

    For Sale
    $649,000

    2-Acre Multifamily Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 2-acre commercial property, located at 2804 W Mile 7 Road in Mission, Texas, presents a remarkable investment opportunity. Zoned for multifamily development, this land boasts 107 feet of frontage, offering significant potential for a variety of commercial ventures. Situated in Hidalgo County, this rapidly growing area promises strong returns. The property's expansive size allows for substantial development, catering to a range of project scales and designs. The asking price is $649,000. The property is classified as both commercial and multifamily, making it suitable for a diverse range of uses, from apartment complexes to mixed-use developments. Its location in Mission, TX, zip code 78574, provides easy access to major transportation routes and amenities. The 2-acre lot offers ample space for construction and landscaping, maximizing the potential for a high-return investment. This prime location within a thriving area of Hidalgo County makes this a truly unique opportunity for investors seeking significant growth potential. The property's versatility and prime location make it an ideal choice for developers looking to capitalize on the area's expanding commercial and residential sectors. Don't miss this chance to acquire a substantial piece of land in one of Texas's most dynamic markets.

    Property Features for 2804 Mile 7 Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    87,120 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3454878
    Latitude
    26.3214072

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    FAQs

    What type of property is this?
    Multifamily property - 2-Acre Multifamily Development Site
    Where is this multifamily property located?
    The property is located at 2804 Mile 7 Rd Mission, TX.
    What is the asking price?
    The asking price for this property is $649,000.
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    2804 Mile 7 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
    2804 Mile 7 Rd Mission, TX 78574
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