028 Mile 4 Mercedes, TX 78599
- Land
- 28.30 lot acres
Current Use by Public Records
- Land
Property Details for 028 Mile 4
- Lot size
- 28.30 lot acres
- Property type
- Land
- Property subtype
- Apartment buildings
Description
This exceptional 28.3-acre property in Weslaco, Texas, presents a compelling investment opportunity. Zoned for commercial, residential, and multifamily development, this versatile land offers significant potential for various projects. Located at 028 N Mile 4 West Road, the property boasts convenient access to Expressway 83, placing it within minutes of major retailers like Walmart, HEB, and Academy, as well as N Bridge Ave and Mid Valley Airport. The asking price is $900,000, representing a below-market price per acre. The land's current use includes agricultural leasing, but its zoning allows for subdivision development, creating smaller, more valuable tracts. Alternatively, the property could be maintained as a ranch or developed into a single large-scale project. A survey is available for review. The seller is open to selling partial tracts of 10, 8, or 10 acres, with a price adjustment. A site visit reveals a desirable elevation, clean condition, and a picturesque frontage featuring mature trees and lush landscaping, remnants of a previous manufactured home. This property's prime location, flexible zoning, and attractive price point make it an ideal investment for discerning buyers seeking high-return potential in a rapidly growing area. The property is situated in Hidalgo County, Texas, with a zip code of 78599.
Value Estimation
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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
- -97.9755
- Latitude
- 26.2085
