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    300 Avasolo St Rio Grande City, TX 78582

    For Sale
    $289,000

    Prime Downtown Restaurant/Office Space

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial property, located at 300 N Avasolo Street in Rio Grande City, Texas, 78582, presents a unique investment opportunity. Built in 1965, this brick veneer building boasts a highly desirable downtown location at the northwest corner of 3rd Street and Avasolo Street. The property benefits from convenient access, with an alley to the north, Avasolo Street (a one-way street with northbound traffic) to the east, 3rd Street to the south, and an open parking area to the west. Its proximity to streetlights and the heart of the downtown area adds to its appeal. Currently, a portion of the building is leased to Amigos Del Valle, operating a kitchen. The remaining space was previously used as an office, offering versatile options for future tenants or expansion. The asking price for this special purpose, retail property is $289,000. This presents a strong opportunity for investors seeking a well-located commercial property in a thriving Texas community. The property's strategic location and existing tenancy make it an attractive investment prospect. The building's layout and size offer flexibility for a variety of commercial uses.

    Property Features for 300 Avasolo St

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1965

    HighLights

    • $289,000 asking price.
    • Special purpose retail property, restaurant use.
    • 1965 construction.
    • Located at 300 N Avasolo Street, Rio Grande City, TX 78582.
    • Downtown location at the corner of 3rd Street and Avasolo Street.
    • Partially occupied by a tenant (Amigos Del Valle kitchen).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -98.813378
    Latitude
    26.378701

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    FAQs

    What type of property is this?
    Restaurant - Prime Downtown Restaurant/Office Space
    Where is this restaurant located?
    The property is located at 300 Avasolo St Rio Grande City, TX.
    What is the asking price?
    The asking price for this property is $289,000.
    What are key features of this property?
    This property features: $289,000 asking price.; Special purpose retail property, restaurant use.; 1965 construction.
    Request Owner's contact information
    300 Avasolo St 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
    300 Avasolo St Rio Grande City, TX 78582
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