0000 Mile 1 1/2 Mercedes, TX 78570
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.
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.