Seller Financing available with only $1,762 ($1,000 down payment + $762.00 closing costs) @ 15% interest for 15 years.
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.
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, allowing you to maintain the agricultural exemption while you plan and develop. Don't miss out on this fantastic investment opportunity. Take the first step towards realizing your vision by exploring the potential of this remarkable property. Contact us today and let's turn your dreams into reality.
Row crops farmland with large drainage ditch on North side of property.
Andrea D. Conner, License 521381, Xome Inc., License 9002330, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067
Based on information from the McAllen Association of REALTORS® (alternatively, from GMAR) as of {{last updated}}. GMAR does not guarantee or is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by the GMAR MLS may not reflect all real estate activity in the market.
Mercedes is located in Texas. Mercedes, Texas has a population of 16,274. Mercedes is less family-centric than the surrounding county with 33.68% of the households containing married families with children. The county average for households married with children is 37.3%.
The median household income in Mercedes, Texas is $36,325. The median household income for the surrounding county is $44,666 compared to the national median of $69,021. The median age of people living in Mercedes is 34 years.
The average high temperature in July is 94.8 degrees, with an average low temperature in January of 48.9 degrees. The average rainfall is approximately 24.8 inches per year, with 0.1 inches of snow per year.
