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    Us Hwy 83 Hwy Rio Grande City, TX 78582

    For Sale
    $250,000

    1.99 Acres, Hwy 83 Frontage, $250K

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.99-acre commercial land parcel presents a remarkable investment opportunity in Rio Grande City, Texas. Located directly on the busy US Highway 83, this property boasts unparalleled visibility and accessibility, making it ideal for a diverse range of commercial ventures. Built in 2002, the site already includes a substantial existing structure featuring a carport with capacity for up to five vehicles and 688 square feet of office space. This existing office space offers immediate usability and potential for expansion, catering to businesses requiring both office and storage or display areas. The expansive lot size allows for significant future development, accommodating larger-scale projects or expansion of the existing facilities. The property's strategic location on Highway 83 ensures high traffic volume and prominent exposure, maximizing its commercial potential. The asking price of $250,000 represents a compelling value for this strategically located and well-equipped commercial property in the thriving Rio Grande City market. The property's zip code is 78582, and it is situated in Starr County. This is a rare opportunity to acquire a ready-to-use commercial property with significant growth potential in a high-traffic area.

    Property Features for 0 Us Hwy 83 Hwy

    General Information

    Property type
    Land
    Lot Size
    86,684 SF

    Building Details

    Year Built
    2002

    HighLights

    • 1.99‑acre commercial lot in Rio Grande City, TX, on US Highway 83.
    • High visibility and accessibility due to US Highway 83 frontage.
    • Existing 688 sq ft office building with a 5‑car carport.
    • Significant future development potential on expansive lot.
    • $250,000 asking price.
    • Located in Starr County, zip code 78582.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rio Grande City
    County
    Starr
    State
    Texas
    Longitude
    -98.8261803
    Latitude
    26.3816112

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    FAQs

    What type of property is this?
    Land - 1.99 Acres, Hwy 83 Frontage, $250K
    Where is this land located?
    The property is located at Us Hwy 83 Hwy Rio Grande City, TX.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 1.99-acre commercial lot in Rio Grande City, TX, on US Highway 83.; High visibility and accessibility due to US Highway 83 frontage.; Existing 688 sq ft office building with a 5-car carport.
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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
    Us Hwy 83 Hwy Rio Grande City, TX 78582
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