00 Mile 3 Rd La Feria, TX 78570
This exceptional 12.15-acre property in Mercedes, Texas, presents a unique investment opportunity. Ideally situated just minutes from the expressway, this versatile land offers significant potential for both residential and agricultural uses. The expansive acreage provides ample space for a variety of development projects or farming activities. Existing infrastructure includes an AEP electric pole already on-site, ensuring convenient access to power, and a functional water well is also present, eliminating the need for immediate well installation. The seller demonstrates a commitment to facilitating a smooth transition for the buyer by offering to pave the road leading to the property, contingent upon the terms of the accepted offer. Located in Hidalgo County, with a convenient 78570 zip code, this property boasts a prime location near La Feria, offering easy access to local amenities and transportation networks. The property's coordinates are 26.1556672 latitude and -97.8618112 longitude. This is a rare opportunity to acquire a substantial parcel of land with existing utilities and a seller willing to invest in infrastructure improvements. Don't miss this chance to secure a valuable asset in a rapidly growing area.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.