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Property profile & analytics
OFF-MARKET
Land

00 Mile 3 Rd La Feria, TX 78570

12.15 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 12.15 ac (529,254 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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