00 Mile 1 1/2 Mercedes, TX 78570
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.
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
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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.