Mercedes, TX 78570
This exceptional 61.74-acre commercial land parcel presents a unique investment opportunity in Mercedes, Texas. Currently zoned for agricultural use and leased for farming, this property offers significant potential for diverse development projects. Its strategic location in Hidalgo County, just 21 miles southeast of McAllen, provides easy access to major transportation arteries, including Expressway 83 and Interstate 2. The high-traffic location boasts proximity to key regional attractions such as the Rio Grande Valley Premium Outlets and the Rio Grande Valley Livestock Grounds, ensuring high visibility and accessibility. The property is subject to a survey. The current tax value reflects its agricultural use. This expansive tract is ideal for developers seeking a prime location for various commercial ventures, capitalizing on the area's growth and strong economic activity. Serious inquiries are encouraged to explore the possibilities of this substantial land holding. The asking price is $1,450,000.
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.