Mercedes, TX 78570
This exceptional 6.66-acre land parcel presents a compelling investment opportunity in Mercedes, Texas. Located at 0 N Mile 1 1/2 W, this sizable tract is conveniently situated approximately 15 minutes from the Mercedes Outlet Stores, the Rio Grande Livestock Show Grounds, and the expressway, offering easy access to key amenities and transportation routes. The property has already undergone significant preparation, with the land having been leveled. Furthermore, the sellers possess certification of completed work from the State Conservation Board, a service for which they invested over $7,000. This certification adds significant value and assures potential buyers of the property's readiness for development. The property's size and location make it particularly well-suited for subdivision construction, and there's potential for rezoning to accommodate various development plans. The seller is highly motivated and open to offers, making this an attractive opportunity for investors seeking a versatile and well-prepared land parcel in a desirable location. The asking price is $243,756. This property is located in Hidalgo County, Texas, zip code 78570.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.