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    1116-1122 Us Hwy Business 83 Hwy Rio Grande City, TX 78582

    For Sale
    $279,000

    High-Visibility Highway 83 Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional commercial property, located at 1116-1122 E. US Highway Business 83 Highway E in Rio Grande City, Texas, 78582, presents a unique investment opportunity. Boasting 152 feet of frontage on the heavily trafficked East Highway 83, this lot offers unparalleled visibility, situated near a stoplight for optimal exposure. The property encompasses approximately 5,000 square feet of paved asphalt, a 360-square-foot canopy, and a 1,450-square-foot garage and office space. Built in 1960, the property's history includes a previous use as a gas station. Importantly, underground gasoline and oil storage tanks were professionally removed between 2019 and 2020, with subsequent soil testing confirming the absence of hydrocarbon contamination. The existing wood-frame building, along with all furniture, equipment, and personal property, is excluded from the sale. This prime location near the Historic Fort Ringgold offers significant potential for a variety of commercial ventures. The asking price for this strategically positioned property is $279,000.

    Property Features for 1116-1122 Us Hwy Business 83 Hwy

    General Information

    Property type
    Specialty properties

    Building Details

    Year Built
    1960

    HighLights

    • Asking price: $279,000.
    • Special purpose property built in 1960.
    • 152 feet of frontage on East Highway 83 in Rio Grande City, TX, with high visibility near a traffic light and Historic Fort Ringgold.
    • Features approximately 5,000 SF of asphalt, 360 SF canopy, and 1,450 SF of garage/office space.
    • Underground storage tanks removed (2019‑2020); soil testing shows no contamination.
    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?
    Specialty property - High-Visibility Highway 83 Location
    Where is this specialty property located?
    The property is located at 1116-1122 Us Hwy Business 83 Hwy Rio Grande City, TX.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: Asking price: $279,000.; Special purpose property built in 1960.; 152 feet of frontage on East Highway 83 in Rio Grande City, TX, with high visibility near a traffic light and Historic Fort Ringgold.
    Request Owner's contact information
    1116-1122 Us Hwy Business 83 Hwy 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

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    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
    1116-1122 Us Hwy Business 83 Hwy Rio Grande City, TX 78582
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