2804 Mile 7 Rd Mission, TX 78574
This exceptional 2-acre commercial property, located at 2804 W Mile 7 Road in Mission, Texas, presents a remarkable investment opportunity. Zoned for multifamily development, this land boasts 107 feet of frontage, offering significant potential for a variety of commercial ventures. Situated in Hidalgo County, this rapidly growing area promises strong returns. The property's expansive size allows for substantial development, catering to a range of project scales and designs. The asking price is $649,000. The property is classified as both commercial and multifamily, making it suitable for a diverse range of uses, from apartment complexes to mixed-use developments. Its location in Mission, TX, zip code 78574, provides easy access to major transportation routes and amenities. The 2-acre lot offers ample space for construction and landscaping, maximizing the potential for a high-return investment. This prime location within a thriving area of Hidalgo County makes this a truly unique opportunity for investors seeking significant growth potential. The property's versatility and prime location make it an ideal choice for developers looking to capitalize on the area's expanding commercial and residential sectors. Don't miss this chance to acquire a substantial piece of land in one of Texas's most dynamic markets.
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
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.