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    00 1/2 Mercedes, TX 78570

    For Sale
    $243,756

    6.66 Acres, Multi-Use Potential, Motivated Seller

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 6.66-acre tract presents a compelling investment opportunity in Mercedes, Texas. Located at 00 Mile 1 1/2 W, this property boasts versatile zoning potential, ideal for subdivision development or other multi-use projects. Its prime location offers convenient access to the Mercedes Outlet Stores, Stock Show Grounds, and the expressway, all within approximately 15 minutes. The land has already been leveled, significantly reducing development costs. Furthermore, the seller possesses certification of completed work from the State Conservation Board, verifying a substantial investment of over $7000 in land preparation. This certification is available for review. The property is being offered at an asking price of $243,756 and the seller is open to offers. This listing presents a unique chance to acquire a sizable, prepared parcel in a desirable location. Consider purchasing this property individually or in conjunction with MLS 383774 and MLS 383805 for a combined total of approximately 19.98 acres. This property is classified as Land, Multifamily, Farm, Residential, Apartment Building, and Duplex/Triplex/Quadruplex. Don't miss this chance to capitalize on this remarkable opportunity.

    Property Features for 00 1/2

    General Information

    Property type
    Multifamily properties
    Lot Size
    290,110 SF

    HighLights

    • $243,756 asking price.
    • 6.66‑acre multifamily land tract in Mercedes, TX.
    • Located approximately 15 minutes from Mercedes Outlet Stores and Expressway.
    • Potential for subdivision or rezoning.
    • Level land with State Conservation Board certification.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Mercedes
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9349906
    Latitude
    26.1972872

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    FAQs

    What type of property is this?
    Multifamily property - 6.66 Acres, Multi-Use Potential, Motivated Seller
    Where is this multifamily property located?
    The property is located at 00 1/2 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 multifamily land tract in Mercedes, TX.; Located approximately 15 minutes from Mercedes Outlet Stores and Expressway.
    Request Owner's contact information
    00 1/2 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
    00 1/2 Mercedes, TX 78570
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