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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 Mile 1 1/2 W, this property boasts a level topography, ready for immediate development. Its strategic location offers convenient access to the Mercedes Outlet Stores, the Stock Show Grounds, and the expressway, all within approximately 15 minutes. The property's versatility allows for various development possibilities, including subdivision creation. Rezoning potential further enhances its appeal. The seller is highly motivated and open to offers. Comprehensive land leveling has already been completed, with supporting documentation from the State Conservation Board available. The owner invested over $7,000 in this crucial land preparation, a significant value-add for the prospective buyer. This 6.66-acre tract is available for purchase individually or in conjunction with two other adjacent parcels (MLS 383774 and MLS 383805), totaling approximately 19.98 acres. This presents a unique opportunity to acquire a substantial land holding in a rapidly developing area. The asking price for this exceptional 6.66-acre parcel is $243,756. Don't miss this chance to secure a prime piece of Texas real estate.

    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 Expressway.
    • Level land, suitable for subdivision; rezoning potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mercedes
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9349906
    Latitude
    26.1972872

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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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