Income Producing Corner Lot

Vacant Land for Sale
Catylist Listing ID: 30604389
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 0.95 Acres
Sale Price: $91,000
Unit Price: $95,789 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/18/2020

Overview / Comments

.95 of an acre located at the NW Corner of FM 491 and Alamo St in Mercedes, Texas (315 Mistletoe aka FM 491). 1/2 block from city park and community center. Property has a 1,400 SF home and a 740 SF apartment bringing in approximately $800/month. Improvements are in fair shape. Fm 491 is a 5 lane road and property is located just south of Business Hwy 83 and North of Mercedes ISD football stadium. FM 491 connects with Progreso International Bridge. Mercedes, Texas is home to the Rio Grande Valley Premium Outlets, Rio Grande Valley Livestock Show, Estero Llano Grande State Park, and the Rios of Mercedes Boot Company.

Additional Details

Nearest MSA: McAllen-Edinburg-Mission
County: Hidalgo
Tax ID/APN: 131719
Property Visibility: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,648 24,026 59,300
Median Age: 32.91 28.43 29.39
Households: 1,499 6,743 16,390

Contact

Photograph of Listing Agent

Randy Summers, CCIM

Davis Equity Realty STCAR CIE Member
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