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0 Mile 1 Road E Mercedes, TX $ 3,128,125
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$ 3,128,125 Get more info
0 Mile 1 Road E
$ 3,128,125
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0 Mile 1 Road E

Mercedes, TX, 78570
$ 3,128,125
Baths0.0

Monthly Estimate*

$ 20,790

0 Mile 1 Road E, Mercedes, TX 78570 - Image 1
Studio

Lots and Land for sale in Mercedes, TX

for $3,128,125. The lot size is 50.05.

This 50.05 acre tract is located south of I-2 on the east side of Mile 1 East, and adjacent to Hwy 83 parallel to Iron Horse Railroad. The site is ideal for a mixed-use development. While it is not inside the city limits at this time, it will likely be annexed on development. At an average of 4 lots to the acre, the site can support 180 or more single-family home sites with land for multi-family and commercial uses too. Drone video embedded in the marketing flyer shows land in relation to Mile1 East and Hwy 83 and Railroad.

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Lots and Land Active

Price

$ 3,128,125

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 31,191

Style

Acreage

Lot Size

50.05

Town/City

Mercedes

County/Region

Hidalgo

MLS | Web ID

398958
Features
General
Utilities Water Connected Sewer Connected Sewer Available
Possession Closing and Funding
Property SubType Acreage
Tax Year 2023
Current Use Unimproved
Community Features None
County Hidalgo
Property Type Land
HOA / Comm Assn No
Subdivision Name Capisallo
Possible Use Subdevelopment
Status Active
Directions From Frontage Rd. & Mile 1 East turn north on Mile 1 E. Property will be on the left hand side. (West side of Mile 1 E.)
High School Mercedes H.S.
City Mercedes
High School District Mercedes ISD
Lot Size Units Acres
Lot Size Square Feet 2180178
Street Name Mile 1
Elementary School Travis
Tax Annual Amount 31191
Home Warranty Y/N No
Middle/Junior High School Mercedes Junior High
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Mercedes ISD
Elementary School District Mercedes ISD
Water Comments CHECK WITH CITY
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Exterior
Fencing None
Lot Features Irregular Lot
Water Source Public City
Lot Size Area 50.05
Lot Size Acres 50.05
Road Surface Type Paved Road Paved
Road Frontage Type City Street
Crops None
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Interior
Street Suffix Road
Electric On Property Y/N No
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* Excluded Features
List By
Michael J. Blum

Listing Agent

Nai Rio Grande Valley

Broker

mikeb@nairgv.com

Email

Affordability Calculator

$23,390
Per Month
89%
11%
0%
Monthly Principal & Interest
$20,790
Monthly Property Taxes
$2,599
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3057302 Elementary School
3057481 Middle School
Mercedes H.S. High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/22/2023$3,128,125 -18.75% Price Down
2/23/2023$3,850,000 Listed Price

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0 Mile 1 Road E, Mercedes, TX, 78570 is a Lots and Land for sale at $3,128,125 with a lot size of 50.05. 0 Mile 1 Road E is a studio with 0.0 baths. The property's zip code is 78570 which is in Mercedes, TX

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