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Rio Grande Center 701 E Rio Grande St 9,230 SF 100% Leased Retail Building Victoria, TX 77901 $1,267,394 CAD ($137.31 CAD/SF) 5% Cap Rate
Investment Highlights
- High Traffic Thoroughfare
- Fully Leased
Executive Summary
Opportunity to acquire a fully leased, income-producing commercial investment property in Victoria, Texas. This multi-tenant strip center offers immediate cash flow with established tenants already in place, making it an attractive addition to any investment portfolio.
Strategically located on a highly visible corner with convenient access to major thoroughfares, the property benefits from strong traffic counts, excellent accessibility, and proximity to surrounding residential neighborhoods and commercial developments. The diverse tenant mix provides stable rental income while reducing vacancy risk.
The center features ample on-site parking, attractive storefront visibility, and updated exterior designed to serve a variety of retail, office, and service-oriented businesses. Victoria continues to serve as the economic hub of the Texas Crossroads region, supporting long-term demand for commercial space and providing investors with a solid market foundation.
Whether you're seeking a turnkey investment with immediate returns or a long-term asset in a growing regional market, Rio Grande Centre offers the stability, location, and income potential that investors seek.
Strategically located on a highly visible corner with convenient access to major thoroughfares, the property benefits from strong traffic counts, excellent accessibility, and proximity to surrounding residential neighborhoods and commercial developments. The diverse tenant mix provides stable rental income while reducing vacancy risk.
The center features ample on-site parking, attractive storefront visibility, and updated exterior designed to serve a variety of retail, office, and service-oriented businesses. Victoria continues to serve as the economic hub of the Texas Crossroads region, supporting long-term demand for commercial space and providing investors with a solid market foundation.
Whether you're seeking a turnkey investment with immediate returns or a long-term asset in a growing regional market, Rio Grande Centre offers the stability, location, and income potential that investors seek.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,230 SF
Building Class
C
Year Built
1950
Price
$1,267,394 CAD
Price Per SF
$137.31 CAD
Cap Rate
5%
NOI
$63,370 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.92
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
None - Victoria does not have zoning, however there are various development ordinances that require clearance.
Parking
20 Spaces (3.61 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 45400-014-00200 | Improvements Assessment | $403,684 CAD |
| Land Assessment | $340,000 CAD | Total Assessment | $743,684 CAD |
Property Taxes
Parcel Number
45400-014-00200
Land Assessment
$340,000 CAD
Improvements Assessment
$403,684 CAD
Total Assessment
$743,684 CAD
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Rio Grande Center | 701 E Rio Grande St
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