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    0000 Nixon St Rio Grande City, TX 78582

    For Sale
    $189,000

    3-Acre Tract, 3,450 SF Building

    Property size:
    3,450 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 3-acre commercial property in Rio Grande City, Texas, presents a unique investment opportunity. Located at the highly visible corner of Nixon and Washington Streets, this property boasts excellent accessibility, being minutes from the intersection of Eisenhower Street and FM 755 (Flores Street). The site includes a substantial 3,450 square foot concrete building currently utilized as a church, offering versatile potential for redevelopment. Approximately 1.8 acres (78,408 square feet) are situated outside the flood zone, minimizing risk and maximizing buildable area. The remaining land provides ample space for future development, including the possibility of constructing a retention pond and elevating lower areas to create additional buildable land. The existing building is ideally suited for conversion into a recreation hall, or it could complement a new condominium or townhouse development. The property's prime location and substantial size make it an attractive proposition for a variety of commercial uses. The asking price is $189,000. The property's address is 0000 Nixon Street E, Rio Grande City, TX 78582.

    Property Features for 0000 Nixon St

    General Information

    Property type
    Specialty properties
    Square Feet
    3,450 SF
    Lot Size
    130,680 SF

    HighLights

    • $189,000 asking price.
    • 3,450 square foot building on a 3‑acre lot in Rio Grande City, Texas.
    • Special purpose property, currently used as a church.
    • Located at the corner of Nixon and Washington Streets, near major roadways.
    • Approximately 1.8 acres are outside the flood zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

    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
    -98.8133164
    Latitude
    26.3917828

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    FAQs

    What type of property is this?
    Specialty property - 3-Acre Tract, 3,450 SF Building
    Where is this specialty property located?
    The property is located at 0000 Nixon St Rio Grande City, TX.
    What is the asking price?
    The asking price for this property is $189,000.
    What are key features of this property?
    This property features: $189,000 asking price.; 3,450 square foot building on a 3-acre lot in Rio Grande City, Texas.; Special purpose property, currently used as a church.
    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
    0000 Nixon St Rio Grande City, TX 78582
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