330 Mile 1 Mercedes, TX 78570
This exceptional 1.95-acre commercial land parcel presents a remarkable investment opportunity in Mercedes, Texas. Located at 330 Mile 1 E, 78570, Hidalgo County, this property boasts 240 feet of frontage directly on Interstate 2, ensuring high visibility and accessibility. The General Commercial zoning (C-3) allows for a wide range of development possibilities, making it ideal for various commercial ventures. Its strategic location along a vibrant corridor places it in close proximity to the RGV Premium Outlets, a major retail destination attracting over 7 million annual visitors yearly. The recent addition of a Starbucks at an adjacent corner further enhances the area's commercial appeal and promises significant foot traffic. The property's APN is C1400-00-065-0016-00. This hard corner lot is perfect for retail, restaurants, or entertainment venues. The asking price is $1,100,000. This is a truly exceptional opportunity to capitalize on a high-traffic, high-visibility location with significant growth potential. The property's latitude and longitude coordinates are 26.15825975967316 and -97.89405988052346 respectively.
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
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.