028 Mile 4 Mercedes, TX 78599
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.