32621 Fm 2925, Arroyo Gardens-La Tina Ranch, TX 78583
This exceptional commercial property, located at 32621 Fm 2925 in Rio Hondo, Texas, presents a unique investment opportunity. The property, situated in Arroyo Gardens-La Tina Ranch, boasts a substantial 28,009.08 square foot lot. Built in 1948, the existing structure is a restaurant, currently requiring renovation. The property's prime location near a renowned fishing spot offers significant potential for a restaurateur targeting outdoor enthusiasts. Imagine capitalizing on the steady stream of anglers seeking pre- or post-fishing meals. The rustic charm of the existing building provides a unique foundation for a revitalized establishment. This is a chance to create a thriving business in a desirable location. The property's zip code is 78583, and its coordinates are 26.2716724 latitude and -97.4814163 longitude. The asking price for this land and existing restaurant building is $195,000. This represents a compelling opportunity to acquire a well-positioned commercial property in Cameron County, Texas, with significant upside potential. The property is classified as both Commercial and Restaurant. This is a rare chance to own a piece of Texas's vibrant culinary scene.
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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