1301 Other Los Los Villareales, TX 78582
Exceptional opportunity to acquire a 4,830.80 square foot commercial lot located at 1301 Other, Rio Grande City, Texas, 78582. This property, situated on the corner of N. Lopez St and E. Martin St, boasts prime corner visibility, ideal for a variety of commercial ventures. Built in 1938, the land is currently vacant and requires significant renovation. The property's location in the vibrant Rio Grande City offers high foot traffic potential. While currently zoned residential, the property presents the possibility of re-zoning for commercial use, subject to approval from the city and/or governing authorities. Entrepreneurial visions such as a restaurant, daycare, or taqueria could thrive in this high-potential location. Interested parties should be aware that the property has been vacant for an extended period and requires caution during inspection. A virtual tour is available online. The asking price is $69,000.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.