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    101-103 Pete Diaz St Rio Grande City, TX 78582

    For Sale
    $489,000

    High-traffic retail lot, excellent commercial potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional commercial property, located at 101-103 S Pete Diaz Street S in Rio Grande City, Texas, 78582, presents a significant investment opportunity. Boasting a total area of 23,400 square feet, this mixed-use land offers 180 feet of frontage on Pete Diaz Drive, providing unparalleled visibility and accessibility. Its strategic location, just 200 feet from the intersection of US Highway 83 and Pete Diaz Drive, ensures high traffic volume and exposure to a substantial customer base. The property's proximity to Starr Plaza/HEB further enhances its desirability and potential for strong returns. The land is classified as retail and mixed-use, offering flexibility for a variety of commercial developments. This prime location, combined with the substantial lot size, makes this property ideal for businesses seeking a high-visibility presence in a thriving community. The asking price for this exceptional opportunity is $489,000. Don't miss this chance to acquire a valuable piece of Rio Grande City commercial real estate.

    Property Features for 101-103 Pete Diaz St

    General Information

    Property type
    Land

    HighLights

    • $489,000 asking price.
    • Retail, mixed‑use land property.
    • Located at 101‑103 S Pete Diaz Street S, Rio Grande City, TX 78582.
    • 23,400 square feet.
    • High visibility location, 200 feet from US Highway 83 and Pete Diaz Drive intersection.
    • 180 feet of frontage on Pete Diaz Drive, across from Starr Plaza/HEB.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rio Grande City
    County
    Starr
    State
    Texas
    Longitude
    -98.8014051
    Latitude
    26.3697777

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    FAQs

    What type of property is this?
    Land - High-traffic retail lot, excellent commercial potential.
    Where is this land located?
    The property is located at 101-103 Pete Diaz St Rio Grande City, TX.
    What is the asking price?
    The asking price for this property is $489,000.
    What are key features of this property?
    This property features: $489,000 asking price.; Retail, mixed-use land property.; Located at 101-103 S Pete Diaz Street S, Rio Grande City, TX 78582.
    Request Owner's contact information
    101-103 Pete Diaz 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
    101-103 Pete Diaz St Rio Grande City, TX 78582
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