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    3239 Us Hwy 83 Hwy Rio Grande City, TX 78582

    For Sale
    $500,000

    High-traffic highway frontage; prime restaurant opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1-acre commercial property, located at 3239 W US Hwy 83 Highway in Rio Grande City, Texas, presents a lucrative investment opportunity. The land, situated in Starr County, zip code 78582 (latitude 26.3744001, longitude -98.8789998), is ideally suited for a restaurant or similar commercial venture. Built in 1985, this property boasts prime highway frontage, ensuring high visibility and accessibility for potential customers. The ample lot size provides generous space for parking and building expansion, catering to the needs of a thriving business. Its strategic location along a high-traffic highway guarantees consistent exposure to a large customer base, comprising both local residents and travelers. The asking price for this remarkable property is $500,000. This is a rare opportunity to acquire a well-positioned commercial lot with significant potential for growth and profitability in a dynamic market. Don't miss out on this chance to establish your business in a highly visible and accessible location.

    Property Features for 3239 Us Hwy 83 Hwy

    General Information

    Property type
    Restaurants
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1985

    HighLights

    • $500,000 asking price.
    • 1‑acre commercial land parcel in Rio Grande City, Texas.
    • Restaurant and retail zoning.
    • Built in 1985.
    • High‑traffic highway frontage on US Hwy 83.
    • Ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rio Grande City
    County
    Starr
    State
    Texas
    Longitude
    -98.8789998
    Latitude
    26.3744001

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    FAQs

    What type of property is this?
    Restaurant - High-traffic highway frontage; prime restaurant opportunity.
    Where is this restaurant located?
    The property is located at 3239 Us Hwy 83 Hwy Rio Grande City, TX.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: $500,000 asking price.; 1-acre commercial land parcel in Rio Grande City, Texas.; Restaurant and retail zoning.
    Request Owner's contact information
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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
    3239 Us Hwy 83 Hwy Rio Grande City, TX 78582
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