0 Mile 1 Road East

Mercedes, TX 78570

$3,128,125
Price
2,180,178 / 50.05
Lot Size / Acres

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...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.
  1. Listed by Michael J. Blum • TREC #801000289 • Nai Rio Grande Valley

Property Details for 0 Mile 1 Road East

Community Features
None
Subdivision Name
Capisallo

Location

Listing Courtesy of Nai Rio Grande Valley
Add your commute
LISTING UPDATED: 02/14/2024 02:47 PM

Property Details for 0 Mile 1 Road East

StatusActive
MLS #398958
Days on Market441
Taxes$31,191 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Acreage
Year Built-
Lot Size50.05 AC
CountyHidalgo County

Location

Listing Courtesy of Nai Rio Grande Valley
Add your commute

Building Information for 0 Mile 1 Road East

Lot Size50.05 AC

Payment Calculator

$19,671 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,071

Property Taxes

$2,599

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 0 Mile 1 Road East

Summary
Location and General Information
  • 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.)
  • Road Frontage Type: City Street
  • Road Surface Type: Paved Road, Paved
  • Topography: Level
School Information
  • Elementary School: Travis
  • Elementary School District: Mercedes ISD
  • High School: Mercedes H.S.
  • High School District: Mercedes ISD
  • Middle Or Junior School: Mercedes Junior High
  • Middle Or Junior School District: Mercedes ISD
Taxes and HOA
  • Association: No
  • Parcel Number: C140000041000400
  • Tax Annual Amount: $31,191
  • Tax Legal Description: CAPISALLO OT 4 BLK 41 40.0AC GR 39.09AC NET & CAPISALLO NW 11.69AC LOT 5 BLK 41 11.41 AC NET
  • Tax Year: 2023
Property
Lot Information
  • Building Area Units: Square Feet
  • Current Use: Unimproved
  • Crops: None
  • Living Area Units: Square Feet
  • Lot Features: Irregular Lot
  • Lot Size Acres: 50.05
  • Lot Size Area: 50.05
  • Lot Size Square Feet: 2180178.0
  • Lot Size Units: Acres
Property and Assessments
  • Agriculture Tax Value: $0
  • Escrow: $20,000.00
  • Possible Use: Subdevelopment
Utilities
  • Water Comments: CHECK WITH CITY
  • Irrigation Source: Irrigation Water District: HCID#1
  • Irrigation Water Rights: No
  • Utilities: Water Connected, Sewer Connected, Sewer Available
  • Water Source: Public, City
  • Electric On Property: No
Mobile Home
Mobile Home Information
  • Home Warranty: No
Interior and Exterior Features
Exterior Features
  • Fencing: None
Rental
Rental Information
  • Leased Rent Share: 0

Property History for 0 Mile 1 Road East

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 0 Mile 1 Road East

This home is within Mercedes Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ruben Hinojosa Elementary School
PublicPK to 5

SGT William G Harrell Middle
Public6 to 8

Mercedes High School
Public9 to 12

Mercedes Academic Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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0 Mile 1 Road East is a 50.05 ac of land for sale in Mercedes, TX 78570. This property was listed for sale on February 23, 2023 by Nai Rio Grande Valley, it's currently listed at $3,128,125. This listing's school district is Mercedes Independent School District. Nearby schools include Ruben Hinojosa Elementary School, SGT William G Harrell Middle and Mercedes High School. 0 Mile 1 Road East is a 0-bed, 0-bath, 50.05 ac of land on a 2,180,178 sq. ft. / 50.05 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Nai Rio Grande Valley

Based on information from one of the following Multiple Listing Services: GMAR MLS, South Texas MLS and Amarillo Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by GMAR MLS, South Texas MLS and Amarillo Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.