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    604 2Nd St Rio Grande City, TX 78582

    For Sale
    $209,000

    Prime 13,000 SF lot, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional commercial land opportunity presents a 12,997.868 square foot lot ideally situated in the heart of Rio Grande City, Texas, at 604 W 2nd Street, zip code 78582. The property, built in 1950, comprises two combined city lots offering significant potential for development. An existing house is included in the sale, sold "as is." This presents a unique chance to either renovate the existing structure or build a new commercial venture. The strategic location on 2nd Street ensures high visibility and accessibility. Further expansion possibilities exist with adjacent lots available for purchase. To the east, two additional lots are available, and four more lots are situated at the rear of the property, potentially expanding the total land area to up to 52,000 square feet. This presents a rare opportunity to acquire a substantial commercial property in a thriving Texas city. The asking price for this prime commercial land is $209,000. Don't miss this chance to secure a significant foothold in Rio Grande City's commercial landscape.

    Property Features for 604 2Nd St

    General Information

    Property type
    Land

    Building Details

    Year Built
    1950

    HighLights

    • 12,997.868 sq ft lot in Rio Grande City, TX (78582) at 604 W 2nd St.
    • Two combined city lots, built in 1950, with an existing house (sold "as is").
    • High visibility and accessibility due to 2nd Street location.
    • Potential for expansion with adjacent lots available (up to 52,000 sq ft total).
    • Asking price: $209,000.
    Property Profile Insight Report 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 Auto Repair Shop

    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
    -98.8256466
    Latitude
    26.381251

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    FAQs

    What type of property is this?
    Land - Prime 13,000 SF lot, excellent location.
    Where is this land located?
    The property is located at 604 2Nd St 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: 12,997.868 sq ft lot in Rio Grande City, TX (78582) at 604 W 2nd St.; Two combined city lots, built in 1950, with an existing house (sold "as is").; High visibility and accessibility due to 2nd Street location.
    (956) 378-7355
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    604 2Nd St 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
    604 2Nd St Rio Grande City, TX 78582
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