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    Mile 1/2 St Mercedes, TX 78570

    For Sale
    $330,000

    Farmland or Development Opportunity near McAllen

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 9.89-acre tract of land in Mercedes, Texas, presents a unique investment opportunity for farmers or developers. Ideally situated within a 15-minute radius of McAllen and Harlingen, this property boasts significant advantages. Currently utilized for farming, the land is already cleared and leveled, eliminating the need for extensive site preparation. The absence of restrictive covenants unlocks a wide range of development possibilities, limited only by the buyer's vision. An existing electric line runs along the property's frontage, simplifying utility connections. Water access can be achieved by connecting to the city's water lines or by drilling a well, providing flexibility for various uses. The property's convenient location, combined with its readily usable condition and lack of restrictions, makes it an attractive proposition for those seeking a versatile and strategically positioned land asset. Its proximity to major cities ensures easy access to amenities and transportation networks, further enhancing its appeal. This exceptional opportunity is unlikely to remain available for long. Act quickly to secure this valuable piece of Texas land. The property is located at 0 Mile 1/2 Street E, Mercedes, TX 78570.

    Property Features for 0 Mile 1/2 St

    General Information

    Property type
    Land
    Lot Size
    430,808 SF

    HighLights

    • $330,000 asking price.
    • 9.89‑acre land parcel.
    • Located in Mercedes, TX, Hidalgo County, zip code 78570.
    • Currently used for farming, cleared and level.
    • No restrictions; suitable for various development uses.
    • Utilities: Electric line at the property; water access via city lines or well.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mercedes
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9012824
    Latitude
    26.1147338

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    FAQs

    What type of property is this?
    Land - Farmland or Development Opportunity near McAllen
    Where is this land located?
    The property is located at Mile 1/2 St Mercedes, TX.
    What is the asking price?
    The asking price for this property is $330,000.
    What are key features of this property?
    This property features: $330,000 asking price.; 9.89-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
    Mile 1/2 St Mercedes, TX 78570
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