777 Mile 13 Weslaco, TX 78596
This 0.67-acre commercial lot in Progreso Lakes, Texas, presents a unique opportunity for development. Located at 777 W Mile 13 N, Hidalgo County, zip code 78596 (latitude 26.242437, longitude -97.9980684), this property offers a quiet ranchette setting with all utilities readily available. The land is conveniently situated between Westgate Dr. and FM 88 on Mile 13 North, providing easy access to key transportation routes. A significant advantage is the absence of city taxes and HOA fees, minimizing ongoing costs. The property is outside FEMA flood zones, adding to its desirability. Development plans must adhere to minimum building requirements: a 1,500 square foot living area on a concrete foundation. Paved road access ensures convenient construction and future use. While this listing focuses on this specific 0.67-acre parcel priced at $85,000, it's important to note that larger lots are available at varying price points. This presents a compelling investment opportunity for those seeking a buildable commercial lot in a desirable, low-tax location.
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.