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    83 & Mile 2 Mercedes, TX 78570

    For Sale
    $1,500,000

    Prime 1.66-acre commercial lot, Expressway 83 frontage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 1.66-acre commercial land parcel presents a unique investment opportunity in Mercedes, Texas. Located at the intersection of Expressway 83 and Mile 2 East, this corner lot offers unparalleled visibility and accessibility. The property's strategic location near the Rio Grande Valley Outlets ensures high traffic volume and exposure to a large consumer base. The permitted zoning is commercial, allowing for a wide range of development possibilities. The lot size is ideal for various commercial ventures, capitalizing on the area's thriving retail and leisure environment. With its prime location and high visibility, this property is poised for significant growth and return on investment. The property's APN is W0754-03-000-0004-00 and is owned by BW Mile 2 Mercedes, LLC. The asking price for this exceptional commercial land is $1,500,000. This is a rare opportunity to acquire a highly visible and strategically located commercial property in a rapidly growing area of Texas. Don't miss out on this chance to secure a prime piece of real estate in the heart of a bustling commercial district. The property is situated in Hidalgo County, Texas, with a zip code of 78570.

    Property Features for 83 & Mile 2

    General Information

    Property type
    Land
    Lot Size
    72,310 SF

    HighLights

    • 1.66‑acre corner lot in Mercedes, TX.
    • High visibility and accessibility at the intersection of Expressway 83 and Mile 2 East.
    • Commercial zoning allows for diverse development opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mercedes
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.87844131
    Latitude
    26.15969076

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    FAQs

    What type of property is this?
    Land - Prime 1.66-acre commercial lot, Expressway 83 frontage.
    Where is this land located?
    The property is located at 83 & Mile 2 Mercedes, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 1.66-acre corner lot in Mercedes, TX.; High visibility and accessibility at the intersection of Expressway 83 and Mile 2 East.; Commercial zoning allows for diverse development opportunities.
    Request Owner's contact information
    83 & Mile 2 Mercedes, TX 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
    83 & Mile 2 Mercedes, TX 78570
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