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    00 Mile 3 Rd La Feria, TX 78570

    For Sale
    $300,000

    12 Acres, $300K - Excellent Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 12.15-acre property in Mercedes, Texas, presents a unique investment opportunity. Ideally situated just minutes from the expressway, this versatile land offers significant potential for both residential and agricultural uses. The expansive acreage provides ample space for a variety of development projects or farming activities. Existing infrastructure includes an AEP electric pole already on-site, ensuring convenient access to power, and a functional water well is also present, eliminating the need for immediate well installation. The seller demonstrates a commitment to facilitating a smooth transition for the buyer by offering to pave the road leading to the property, contingent upon the terms of the accepted offer. Located in Hidalgo County, with a convenient 78570 zip code, this property boasts a prime location near La Feria, offering easy access to local amenities and transportation networks. The property's coordinates are 26.1556672 latitude and -97.8618112 longitude. This is a rare opportunity to acquire a substantial parcel of land with existing utilities and a seller willing to invest in infrastructure improvements. Don't miss this chance to secure a valuable asset in a rapidly growing area.

    Property Features for 00 Mile 3 Rd

    General Information

    Property type
    Farms
    Lot Size
    529,254 SF

    HighLights

    • $300,000 asking price.
    • 12.15‑acre land parcel.
    • Located in Mercedes, TX, near the expressway.
    • Suitable for residential or farm use.
    • Features an existing AEP electric pole and water well.
    • Seller may pave road to property, contingent on offer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    La Feria
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.8618112
    Latitude
    26.1556672

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    FAQs

    What type of property is this?
    Farm - 12 Acres, $300K - Excellent Potential
    Where is this farm located?
    The property is located at 00 Mile 3 Rd La Feria, TX.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: $300,000 asking price.; 12.15-acre land parcel.; Located in Mercedes, TX, near the expressway.
    Request Owner's contact information
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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
    00 Mile 3 Rd La Feria, TX 78570
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