Current Use by Public Records
- Land
Property Details for 0 Mile 9
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 20+/- acre property presents a unique investment opportunity in the thriving Mercedes, Texas area. Ideally situated on Mile 9 North Road, this parcel boasts approximately 660 feet of road frontage and a depth of approximately 1,320 feet. Currently utilized as irrigated farmland, the land benefits from readily available water and electricity connections, ensuring operational efficiency. Its strategic location, just 1.8 miles north of Interstate 69 and the Rio Grande Valley Premium Outlets, offers significant potential for development or continued agricultural use. The property's current lease agreement provides a steady income stream. Furthermore, this land offers the exciting possibility of expansion. Combining this property with adjacent available parcels allows for the assembly of approximately 89 gross acres, significantly increasing the scale and potential value of the investment. This versatile property is well-suited for a variety of uses, making it an attractive option for both agricultural and development-focused investors seeking a prime location in Hidalgo County. The asking price for this remarkable opportunity is $320,000. The zip code is 78570.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mercedes
- County
- Hidalgo
- State
- Texas
- Longitude
- -97.8838
- Latitude
- 26.1875
