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MILE 1 EAST & BUSINESS 83 hwy - MERCEDES DEVELOPMENT SITE

50.05 Acres of Residential Land Offered at $2,502,500 in Mercedes, TX 78570

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Investment Highlights

PROXIMITY TO I-2
PROXIMITY TO HARLIGEN AND MCALLEN AIRPORTS

PROXIMITY TO HWY 83 AND MILE 1 EAST

Executive Summary

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.

New Price 6:24:24

Property Facts

Price	$2,502,500	Property Type	Land
Sale Type	Investment	Property Subtype	Residential
Sale Conditions	Bulk/Portfolio Sale	Total Lot Size	50.05 AC
No. Lots	1

Price	$2,502,500
Sale Type	Investment
Sale Conditions	Bulk/Portfolio Sale
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	50.05 AC

1 Lot Available

Lot 1

Price	$2,502,500	Lot Size	50.05 AC
Price Per AC	$50,000.00

Price	$2,502,500
Price Per AC	$50,000.00
Lot Size	50.05 AC

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.

Description

This 50.05 NET 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 to 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 as well. The property is in a strategic location between Harlingen/San Benito and McAllen/Pharr and just off Interstate 2.

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PROPERTY TAXES

Parcel Number	C1400-00-041-0005-00	Improvements Assessment	$0
Land Assessment	$5,009	Total Assessment	$5,009

PROPERTY TAXES

Parcel Number

C1400-00-041-0005-00

Land Assessment

$5,009

Improvements Assessment

Total Assessment

$5,009

zoning

Zoning Code	AG (Outside side limits.)
AG (Outside side limits.)

Listing ID: 28928836
Date on Market: 7/6/2023
Last Updated:
Address: MILE 1 EAST & BUSINESS 83 hwy, Mercedes, TX 78570

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MILE 1 EAST & BUSINESS 83 hwy, Mercedes, TX for sale Building Photo- Image 1 of 2 — MERCEDES NEW IMAGE

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