0000 Nixon St Rio Grande City, TX 78582
This exceptional 3-acre commercial property in Rio Grande City, Texas, presents a unique investment opportunity. Located at the highly visible corner of Nixon and Washington Streets, this property boasts excellent accessibility, being minutes from the intersection of Eisenhower Street and FM 755 (Flores Street). The site includes a substantial 3,450 square foot concrete building currently utilized as a church, offering versatile potential for redevelopment. Approximately 1.8 acres (78,408 square feet) are situated outside the flood zone, minimizing risk and maximizing buildable area. The remaining land provides ample space for future development, including the possibility of constructing a retention pond and elevating lower areas to create additional buildable land. The existing building is ideally suited for conversion into a recreation hall, or it could complement a new condominium or townhouse development. The property's prime location and substantial size make it an attractive proposition for a variety of commercial uses. The asking price is $189,000. The property's address is 0000 Nixon Street E, Rio Grande City, TX 78582.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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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.