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Property profile

0 Business Hwy 83 Weslaco, TX 78596

OFF-MARKET
Land

Property summary

AI-generated overview

This exceptional 2.17-acre commercial property, located on Business Highway 83 in Mercedes, Texas (Hidalgo County, zip code 78596), presents a compelling investment opportunity. The site boasts over 140 feet of frontage on this busy thoroughfare, experiencing 34,540 vehicles daily. The property includes two existing metal buildings and is zoned County, offering flexibility for various commercial uses. Its strategic location near the high-traffic intersection of International Boulevard and Business Highway 83, coupled with proximity to successful national retailers, ensures high visibility and accessibility. The lot size is 94,525 square feet, and all utilities, including city sewer and water, are readily available. This fee-simple ownership opportunity is priced at $450,000 and presents a rare chance to capitalize on the growth of the Mercedes/Weslaco area within the Rio Grande Valley. The property's APN is A0800-00-000-1025-02. This prime location, combined with its existing structures and high traffic counts, makes this an ideal site for a variety of commercial ventures.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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