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    1001 Leo Ave La Joya, TX 78560

    For Sale
    $170,000

    Prime La Joya corner lot, established restaurant.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial property, located at 1001 Leo Avenue in La Joya, Texas, presents a unique investment opportunity. Situated on a corner lot, this 37,026 square foot land parcel boasts a building constructed in 1977. The property has a rich history, having served as a thriving restaurant within the La Joya community for over four decades, establishing itself as a local landmark. Its prime location on South Leo Avenue ensures high visibility and accessibility. The property's current configuration is ideal for a restaurant, but its versatility allows for various commercial uses. The asking price is $170,000. The seller is open to leasing the property with amenities included, offering flexibility for potential buyers. This is a chance to acquire a well-established business in a rapidly growing Texas community, ready to continue its legacy under new ownership. The property is zoned for commercial use and is located in Hidalgo County, Texas, zip code 78560. The coordinates are 26.2369788 latitude and -98.4819529 longitude. This presents a rare opportunity to own a piece of La Joya's history and capitalize on its future growth.

    Property Features for 1001 Leo Ave

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1977

    HighLights

    • 1001 Leo Avenue, La Joya, TX 78560, corner lot, 37,026 SF land.
    • 1977‑built building, previously a successful restaurant.
    • High visibility location on South Leo Avenue, Hidalgo County.
    • $170,000 asking price; lease options available.
    • Versatile commercial zoning; suitable for various uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    La Joya
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.4819529
    Latitude
    26.2369788

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    FAQs

    What type of property is this?
    Restaurant - Prime La Joya corner lot, established restaurant.
    Where is this restaurant located?
    The property is located at 1001 Leo Ave La Joya, TX.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: 1001 Leo Avenue, La Joya, TX 78560, corner lot, 37,026 SF land.; 1977-built building, previously a successful restaurant.; High visibility location on South Leo Avenue, Hidalgo County.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1001 Leo Ave La Joya, TX 78560
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