UNIQUE PRIME PIECE of Commercial, or Residential property.  4.25 Acres,  287' Road frontage on FM 2925 and 325.25' waterfrontage on Arroyo Colorado River, WITH 3 BOAT RAMPS, and large Asphalt Parking Lot.  Arroyo City is growing and this is the last large waterfront parcel on the Arroyo.  Many possibilities include: Condo's, Apartments, Restaurant, Fish Guiding Business, Gas &/or Groceries.  Previous Owner installed Commercial Septic System.  Available Utilities: Natural gas line, East Rio Hondo Water Membership, AT&T Tele. and Magic Valley Electric. A Rare Opportunity and only minutes by boat to the Intra-Coastal Canal and LaGuna Madre.  Less than 30 minutes to Harlingen Airport, South Padre Island, Mexico and many other Interesting Spots in the Beautiful Rio Grande Valley. Priced below last appraisal which was: $ 672,500.00 (8/09)