1001 Leo Ave La Joya, TX 78560-4304
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
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