6550 Rio Panico St Rio Grande City, TX 78582
This exceptional 1.337-acre commercial lot presents a remarkable investment opportunity in the thriving Rio Grande City, Texas market. Strategically located east of Rio Grande City off US Highway 83 and conveniently situated just west of La Grulla High School, this property benefits from high visibility and excellent accessibility. The area is experiencing significant growth, fueled by the presence of established businesses including a Subway, daycare center, and tire shop, already operating within the development. The proximity to La Grulla High School and the recently constructed La Grulla Middle School further enhances the property's appeal, attracting a substantial residential population and creating a strong demand for commercial services. New residential subdivisions are also contributing to the area's expanding population base, ensuring a consistent flow of potential customers for any business established on this lot. The property's 1.337-acre size offers ample space for a variety of commercial ventures, making it an ideal location for businesses seeking to capitalize on the area's robust growth trajectory. The asking price for this prime commercial land is $209,000. Don't miss this chance to secure a prominent position in a rapidly developing area of Starr County, Texas, with a zip code of 78582. Act quickly to secure your place in this exciting commercial development.
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
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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.