Mile 1 Mercedes, TX 78570
- Land
- 50.05 lot acres
Current Use by Public Records
- Land
Property Details for 0 Mile 1
- Lot size
- 50.05 lot acres
- Property type
- Land
Description
This expansive 50.05-acre land parcel presents a remarkable investment opportunity in Mercedes, Texas, within Hidalgo County. Strategically located south of Interstate 2 and east of Mile 1 East, it enjoys direct adjacency to Highway 83 and parallels the Iron Horse Railroad. The property's AO zoning permits mixed-use development, making it suitable for a variety of projects. While currently outside city limits, annexation is highly probable upon commencement of development. The site's potential is significant, with an estimated capacity for 200+ single-family homes, based on an average of four lots per acre. Its prime location offers unparalleled access to major transportation arteries, including Interstate 2 and Highway 83, ensuring convenient connectivity. Furthermore, its proximity to the Mercedes Outlet Mall, VIA, and McAllen International Airports enhances its appeal and potential for substantial returns. A drone video showcasing the land's relationship to Mile 1 East, Highway 83, and the railroad is available. The asking price is $2,502,500, with a price per acre ranging from $62,500 to $125,000. This presents a unique chance to acquire a large-scale development site in a rapidly growing area. Broker co-op is available. The zip code is 78570.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mercedes
- County
- Hidalgo
- State
- Texas
- Longitude
- -97.8965
- Latitude
- 26.2932
