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Property profile & analytics
OFF-MARKET
Land

0 Mile 1/2 Mercedes, TX 78570

9.89 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 9.89-acre tract of land in Mercedes, Texas, presents a unique investment opportunity for farmers or developers. Ideally situated within a 15-minute radius of McAllen and Harlingen, this property boasts significant advantages. Currently utilized for farming, the land is already cleared and leveled, eliminating the need for extensive site preparation. The absence of restrictive covenants unlocks a wide range of development possibilities, limited only by the buyer's vision. An existing electric line runs along the property's frontage, simplifying utility connections. Water access can be achieved by connecting to the city's water lines or by drilling a well, providing flexibility for various uses. The property's convenient location, combined with its readily usable condition and lack of restrictions, makes it an attractive proposition for those seeking a versatile and strategically positioned land asset. Its proximity to major cities ensures easy access to amenities and transportation networks, further enhancing its appeal. This exceptional opportunity is unlikely to remain available for long. Act quickly to secure this valuable piece of Texas land. The property is located at 0 Mile 1/2 Street E, Mercedes, TX 78570.

Property profile
Verified
Property type Land
Lot 9.89 ac (430,808 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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