78570, TX homes for sale & real estate

78570, TX Homes for Sale

Approximately 61.74 acres in Mid-Valley. Available for development or farming. Property is presently leased for ag-use. Subject to survey. Tax value on agriculture use. The site is situated in the city of Mercedes which is located 21 miles southeast of McAllen in Hidalgo County, Texas.

78570, TX Homes for Sale

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.

78570, TX Homes for Sale

Seller Financing available with only $1,762 ($1,000 down payment + $762.00 closing costs) @ 15% interest for 15 years.

78570, TX Homes for Sale

Scenic farmland is perfect for development, 3.4 miles from the Mercedes Outlets. With approx 1,320 feet of frontage along FM 1425, It's also an excellent option to continue family traditions of farming or ranching of this 80-acre property. North Alamo Water is available at the frontage, and Magic Valley provides electric services. A sewer lift station is also conveniently located less than a mile away. Exceptional drainage systems on both the east and south sides. You have the flexibility to choose between using a portion of the land or the entire property, with the option to sell the remaining portions. Here's an additional advantage: the farmer is willing to lease back the land, allowin