Current Use by Public Records
- Land
Property Details for 105 Royal Palm Dr
- Property type
- Land
- Property subtype
- Apartment buildings
Description
Exceptional investment opportunity awaits in Mercedes, Texas, with this 10,139.897 square foot lot ideally situated for multifamily development. Priced at $99,000, this property presents a rare chance to capitalize on a high-demand location. Located at 105 E Royal Palm Drive E, 78570, this land is part of the Summer Breeze Fourplex subdivision, offering significant advantages. Its proximity to major roadways, including Expressway 2, ensures easy access for residents. Furthermore, the property benefits from its strategic placement directly across from the Rio Grande Valley Livestock Show Grounds and within a 5-minute radius of both Mercedes' downtown area and the Rio Grande Valley Premium Outlets. This prime location offers future residents convenient access to shopping, entertainment, and employment opportunities. The subdivision itself is planned to include community amenities such as picnic areas, enhancing the overall appeal and livability of the development. Importantly, this land is situated in a non-flooding zone, providing added security and peace of mind for both developers and future residents. Don't miss this chance to build in a thriving Texas community. This is a unique opportunity to develop in a highly desirable, rapidly growing area.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mercedes
- County
- Hidalgo
- State
- Texas
- Longitude
- -97.9089
- Latitude
- 26.1613
