104 E Water Street Two-story property located in the downtown area, offering close proximity to local shops, dining, and community attractions. The versatile layout includes 3 bedrooms, 2 bathrooms, and a bonus theater room on the lower level, allowing for multiple use possibilities. The property features a spacious backyard with scenic natural views overlooking the Rio Grande River, providing a unique and peaceful setting rarely found in central locations. This property presents strong potential for adaptive reuse, including but not limited to a coffee shop, boutique retail space, creative studio, professional offices, event or gallery space, or a short-term rental concept. Its downtown location and flexible interior design make it suitable for both commercial investment opportunities or a distinctive Airbnb serving Rio Grande City's growing tourism appeal.