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Property profile & analytics
OFF-MARKET
Land

028 Mile 4 Mercedes, TX 78599

28.3 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 28.3 ac (1,232,748 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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