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Property profile & analytics
OFF-MARKET
Land

00 Mile 1 1/2 Mercedes, TX 78570

6.66 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 6.66-acre tract presents a compelling investment opportunity in Mercedes, Texas. Located at 00 Mile 1 1/2 W, this property boasts versatile zoning potential, ideal for subdivision development or other multi-use projects. Its prime location offers convenient access to the Mercedes Outlet Stores, Stock Show Grounds, and the expressway, all within approximately 15 minutes. The land has already been leveled, significantly reducing development costs. Furthermore, the seller possesses certification of completed work from the State Conservation Board, verifying a substantial investment of over $7000 in land preparation. This certification is available for review. The property is being offered at an asking price of $243,756 and the seller is open to offers. This listing presents a unique chance to acquire a sizable, prepared parcel in a desirable location. Consider purchasing this property individually or in conjunction with MLS 383774 and MLS 383805 for a combined total of approximately 19.98 acres. This property is classified as Land, Multifamily, Farm, Residential, Apartment Building, and Duplex/Triplex/Quadruplex. Don't miss this chance to capitalize on this remarkable opportunity.

Property profile
Verified
Property type Land
Lot 6.66 ac (290,110 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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