1 1/2 Mercedes, TX 78570
This expansive 1,742,400 square foot commercial and industrial land parcel presents a remarkable investment opportunity in Mercedes, Texas. Located at Mile 1 1/2 East in Hidalgo County, zip code 78570 (latitude 26.196218, longitude -97.885751), this property is currently utilized for agricultural purposes, boasting thriving crops of corn, grain, and cotton. The land benefits from an existing irrigation system, significantly enhancing its versatility and potential for future development. Its substantial size makes it ideally suited for sub-development projects, catering to a wide range of commercial and industrial uses. The asking price for this exceptional property is $600,000. Given its size, location, and existing infrastructure, this land offers significant upside for investors seeking a prime location in a growing Texas market. The property's agricultural history demonstrates its fertile nature and suitability for various uses, making it an attractive proposition for both short-term and long-term investment strategies. Serious inquiries are encouraged.
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
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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.