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    603 Us Highway 83 Rio Grande City, TX 78582

    For Sale
    $209,000

    Prime location, 13,000 sq ft, development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional commercial land offering presents a unique investment opportunity in the thriving Rio Grande City, Texas market. Located at 603 E US Hwy 83, this property encompasses two city lots (Lots 11 & 12, Block 13, W Main St), totaling 13,000 square feet. Its prime location on Main Street ensures high visibility and accessibility, making it ideal for a variety of commercial ventures. The property's strategic positioning within the heart of Rio Grande City offers significant potential for development and growth. For businesses requiring even more space, there's an added advantage: the availability of two adjacent city lots to the east and two additional lots to the north on 2nd Street, providing an opportunity to expand the footprint of any project. This is a rare chance to acquire a substantial parcel of commercial land in a desirable location. The asking price for this exceptional property is $209,000. Don't miss this opportunity to secure a prime piece of Rio Grande City real estate. The property is situated in Starr County, Texas, with a zip code of 78582.

    Property Features for 603 Us Highway 83

    General Information

    Property type
    Land

    HighLights

    • $209,000 asking price.
    • 13,000 sq ft commercial land in Rio Grande City, TX.
    • Located on Main Street.
    • Adjacent lots available for purchase.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rio Grande City
    County
    Starr
    State
    Texas
    Longitude
    -98.825735532656
    Latitude
    26.380637925342

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    FAQs

    What type of property is this?
    Land - Prime location, 13,000 sq ft, development opportunity.
    Where is this land located?
    The property is located at 603 Us Highway 83 Rio Grande City, TX.
    What is the asking price?
    The asking price for this property is $209,000.
    What are key features of this property?
    This property features: $209,000 asking price.; 13,000 sq ft commercial land in Rio Grande City, TX.; Located on Main Street.
    (956) 378-7355
    Request Owner's contact information
    603 Us Highway 83 Rio Grande City, TX 78582
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    Rio Grande City, TX 78582
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    603 Us Highway 83 Rio Grande City, TX 78582
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