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6324 E US Highway 83 5,086 SF 100% Leased Retail Building Rio Grande City, TX 78582 $625,000 ($122.89/SF)



Investment Highlights
- Commercial - Residential - Income Property, in one of the fastest growing areas of the Rio Grande Valley
Executive Summary
Commercial - Residential - Income Property, in one of the fastest growing areas of the Rio Grande Valley - Rio Grande City (1.34 Acre). Property sits on the main US Highway 83 that connects the Rio Grande Valley with Laredo. The Commercial area is being used as a Car Sale Lot with the capacity of 40+ vehicles plus over 7,000 square feet of Steel Canopy and an 800 Square Foot Office. The Residence is a Two Story Stucco home with 2,133 Square Feet, The First Floor has 3 Bedrooms, 2 Baths and Second Story has 2 Bedrooms, 2 Bath. A Total of 5 Bedrooms and 4 Baths. The home was built in 2012 (Seller). The Income property is made up of a Duplex, 1 Bed, 1 Bath each with a total of 820 square feet. The property has 2 Water Meters and 3 Electric Meters, the property is fully fenced
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,086 SF
Building Class
C
Year Built
2001
Price
$625,000
Price Per SF
$122.89
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.00 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial - Residential - Income Property, in one of the fastest growing areas of the Rio Grande Valley - Rio Grande City (1.34 Acre).
Parking
50 Spaces (9.83 Spaces per 1,000 SF Leased)
Amenities
- Fenced Lot
- Storage Space
- Balcony
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 12400-00000-01200-000000 | Improvements Assessment | $0 |
| Land Assessment | $7,670 | Total Assessment | $7,670 |
Property Taxes
Parcel Number
12400-00000-01200-000000
Land Assessment
$7,670
Improvements Assessment
$0
Total Assessment
$7,670
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6324 E US Highway 83
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