202 Flores St, Arroyo Gardens-La Tina Ranch, TX 78583
Exceptional investment opportunity in Rio Grande City, Texas, awaits at 202 N Flores Street. This 2.643-acre property boasts two separate free-standing buildings, presenting a compelling blend of existing income and future development potential. The first building, situated on the corner of 2nd Street and FM 755, encompasses approximately 3500 square feet and was previously utilized as a fitness center. The second building, facing FM 755, offers a substantial 9500 square feet and is currently leased to an adult daycare center, providing a stable income stream. This property enjoys a highly desirable location, within walking distance of the Starr County Courthouse, local banks, and numerous law offices along Britton Avenue. Built in 1978, this property presents a rare chance to acquire a well-positioned commercial asset in a thriving Texas community. The versatility of the existing structures, combined with the ample land area, allows for a multitude of uses and expansion opportunities, making it an ideal investment for both seasoned and emerging commercial investors. The asking price is $899,999. This property is zoned for commercial and warehouse use and is located in Arroyo Gardens-La Tina Ranch, Rio Grande City, Texas, 78583.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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