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