200 Corpus St Rio Grande City, TX 78582
This exceptional commercial land parcel, located at 200 N Corpus Street N in Rio Grande City, Texas, presents a unique investment opportunity. The property boasts a prominent 115-foot frontage on a major east-west thoroughfare (2nd Street/Business 83), experiencing approximately 15,000 vehicles daily. The lot extends 171 feet deep along North Corpus Street, offering a substantial 19,700.01 square foot area. Situated on the northwest corner of 2nd and Corpus Streets, this location benefits from high visibility and accessibility. The property includes a 2,733 square foot brick veneer building constructed in 1904, featuring 90% hardwood floors. While the building is currently vacant, its solid construction and prime location offer significant potential for adaptive reuse. Furthermore, the property includes 2.5 vacant lots, providing ample space for additional parking or expansion to accommodate a variety of commercial uses. Its proximity to the Catholic Church and the Starr County Courthouse further enhances its desirability. The diverse commercial possibilities include office space, retail establishments, and restaurants, making this a highly attractive investment in a thriving Texas community. The asking price is $365,000. The zip code is 78582.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.