0 Mile 1Mercedes, TX 78570

Property Details for 0 Mile 1

Lot size

50.05 AC

Property type

Land

Description

This expansive 50.05-acre land parcel presents a remarkable investment opportunity in Mercedes, Texas, within Hidalgo County. Strategically located south of Interstate 2 and east of Mile 1 East, it enjoys direct adjacency to Highway 83 and parallels the Iron Horse Railroad. The property's AO zoning permits mixed-use development, making it suitable for a variety of projects. While currently outside city limits, annexation is highly probable upon commencement of development. The site's potential is significant, with an estimated capacity for 200+ single-family homes, based on an average of four lots per acre. Its prime location offers unparalleled access to major transportation arteries, including Interstate 2 and Highway 83, ensuring convenient connectivity. Furthermore, its proximity to the Mercedes Outlet Mall, VIA, and McAllen International Airports enhances its appeal and potential for substantial returns. A drone video showcasing the land's relationship to Mile 1 East, Highway 83, and the railroad is available. The asking price is $2,502,500, with a price per acre ranging from $62,500 to $125,000. This presents a unique chance to acquire a large-scale development site in a rapidly growing area. Broker co-op is available. The zip code is 78570.

Location Insight

City

Mercedes

County

Hidalgo

State

Texas

Latitude

26.2932

Longitude

-97.8965

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