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Property profile & analytics
OFF-MARKET
Land

0000 Mile 1 1/2 Mercedes, TX 78570

6.66 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 6.66-acre land parcel presents a compelling investment opportunity in Mercedes, Texas. Located at 0000 N Mile 1 1/2 E, this property boasts a highly desirable location, approximately 15 minutes from the Mercedes Outlet Stores, the Stock Show Grounds, and the expressway, ensuring convenient access to key amenities and transportation routes. The land has already been leveled, significantly reducing development costs and expediting the construction process. Furthermore, the property comes with a certification of completed work from the State Conservation Board, a testament to its readiness for development. The seller invested over $7,000 in this certification, adding significant value to the property. This substantial investment in land preparation underscores the property's potential for various uses, including subdivision development. The existing zoning may be amenable to rezoning, offering further flexibility for potential buyers. The asking price is $243,756, and the seller is motivated and open to offers, making this an exceptional opportunity to acquire a well-situated, prepared land parcel in a thriving Texas community. The property is situated in Hidalgo County, Texas, with a zip code of 78570.

Property profile
Verified
Property type Land
Lot 6.66 ac (290,110 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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