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    720 Expressway 83 La Joya, TX 78560

    For Sale
    $4,000,000

    14-Acre Mixed-Use Site, La Joya, TX

    Property size:
    35,632 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 14.27-acre site, located at 720 E Expressway 83 in La Joya, Texas (zip code 78560), presents a remarkable redevelopment opportunity. Priced at $4,000,000, this Class A property offers significant potential for mixed-use development, encompassing retail, office, medical, restaurant, and multi-family uses. The land is zoned for commercial use, eliminating the need for rezoning. The total square footage ranges from 35,632 to 90,635 square feet, with a land value of $8.25 per square foot. The property's strategic location on Expressway 83 (Interstate 2) provides excellent visibility and accessibility, further enhanced by its proximity to the La Joya Bypass, La Joya retail centers, and the La Joya Independent School District. The seller is willing to cooperate with buyers to subdivide the property to meet specific needs and financial plans, allowing for the purchase of individual pad sites. This presents a unique chance to acquire a prime piece of land in a rapidly growing area. This is a for sale by owner listing.

    Property Features for 720 Expressway 83

    General Information

    Property type
    Mixed-use properties
    Square Feet
    35,632 SF
    Class
    A

    HighLights

    • Excellent Interstate 2 (Expressway 83) frontage.
    • Convenient access to the La Joya Bypass.
    • Strong retail presence nearby in La Joya.
    • Located near La Joya Independent School District.
    • Partial sale of the property considered.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    La Joya
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.46660922993
    Latitude
    26.246684212831

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    FAQs

    What type of property is this?
    Mixed-use property - 14-Acre Mixed-Use Site, La Joya, TX
    Where is this mixed-use property located?
    The property is located at 720 Expressway 83 La Joya, TX.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: Excellent Interstate 2 (Expressway 83) frontage.; Convenient access to the La Joya Bypass.; Strong retail presence nearby in La Joya.
    Request Owner's contact information
    720 Expressway 83 La Joya, TX 78560
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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
    720 Expressway 83 La Joya, TX 78560
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