FOR SALE50.05 ACRES
Mile 1 Rd E
Mercedes, TX 78570
(on 50.05 acres)
Local Information
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Description
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.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Contact Manager
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for Mile 1 Rd E
Interior Features |
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Appliances & Utilities Utilities: Water Connected, Sewer Connected, Sewer Available |
Gas & Electric No Electric on Property |
Exterior Features |
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Exterior Home Features Fencing: None |
Frontage Road Frontage: City StreetRoad Surface Type: Paved Road, Paved |
Days on Market |
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Days on Market: 180+ |
Property Information |
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Property Type / Style Property Type: LandProperty Subtype: Acreage, Unimproved Land |
Building Does Not Include Home Warranty |
Property Information Usage of Home: SubdevelopmentParcel Number: C140000041000400 |
Price & Status |
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Price List Price: $3,128,125 |
Status Change & Dates Possession Timing: Closing and Funding |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: MercedesCommunity: Capisallo |
School Information Elementary School: TravisElementary School District: Mercedes ISDJr High / Middle School: Mercedes Junior HighJr High / Middle School District: Mercedes ISDHigh School: Mercedes H.S.High School District: Mercedes ISD |
Agent Information |
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Listing Agent Listing ID: 398958 |
Community |
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Community Features: None |
HOA |
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No HOA |
Lot Information |
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Lot Area: 50.05 Acres |
Compensation |
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Buyer Agency Commission: 3Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
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Mls Number: 398958 |
Additional Information |
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None |
Last check for updates: 1 day ago
Listing courtesy of Michael J. Blum, (956) 451-5596
Nai Rio Grande Valley
Source: Greater McAllen AOR, MLS#398958
Price History for Mile 1 Rd E
| Date | Price | Event | Source |
|---|---|---|---|
| 07/22/2023 | $3,128,125 | PriceChange | Greater McAllen AOR #398958 |
| 02/23/2023 | $3,850,000 | Listed For Sale | Greater McAllen AOR #398958 |
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Comparable Sales for Mile 1 Rd E
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.86 | Lot/Land | - | 05/15/23 | - | - | ||
0.65 | Lot/Land | - | 11/20/23 | - | - | ||
0.65 | Lot/Land | - | 11/21/23 | - | - | ||
0.65 | Lot/Land | - | 11/08/23 | - | - | ||
1.06 | Lot/Land | - | 12/08/23 | - | - | ||
1.17 | Lot/Land | - | 10/27/23 | - | - | ||
1.90 | Lot/Land | - | 06/30/23 | - | - | ||
1.99 | Lot/Land | - | 12/21/23 | - | - | ||
1.99 | Lot/Land | - | 05/03/23 | - | - | ||
1.99 | Lot/Land | - | 09/15/23 | - | - |
What Locals Say about Mercedes
- Oliverclosner4
- Resident
- 4y ago
"Good neighborhood. Good community. Nice city to live in. It’s so beautiful! Well maintained and safe."
- BettyVickery
- Resident
- 4y ago
"No public transport here, but amazing neighbors and quiet. Fireworks at right times of the year, not a ton of small kids around. My first year here so will see about Halloween. Our first week here we had several neighbors come over for introductions, became fast friends."
- Jesse C.
- Resident
- 4y ago
"Very small town. Local stores and parks are a short distance away. You can walk, bike or drive. There is no public transportation infrastructure. "
- Alex
- Resident
- 4y ago
"Mercedes hosts the annual stock show & city Christmas parade. It also has an outlet mall. The city is small making it easy to travel around. "
- GS
- Resident
- 5y ago
"No commute as we work from home, however, traffic can sometimes be heavy and it’s best to leave earlier than what may be considered normal. Especially congested in the winter months as all the winter Texans are visiting"
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Michael J. Blum, Nai Rio Grande Valley
Listing information is deemed reliable, but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Mile 1 Rd E, Mercedes, TX 78570 is a lot/land. This property is currently available for sale and was listed by Greater McAllen AOR on Feb 23, 2023. The MLS # for this home is MLS# 398958.