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Property profile & analytics
FOR SALE
Turn key restaurants

120 Expressway 83 W La Joya, TX 78560

6,182 SF 0.5 ac lot Built 1978
Individually Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US82-2608417
Property summary
AI-generated overview

This exceptional 21,780 square foot commercial land parcel presents a remarkable investment opportunity in the thriving city of La Joya, Texas. Located at 120 W Expressway 83, this property boasts a highly visible position directly off the expressway, placing it in the heart of West Hidalgo County. Its strategic location offers unparalleled accessibility and exposure to a significant volume of daily traffic. The property's history includes use as a drive-thru restaurant and convenience store, demonstrating its suitability for a variety of commercial ventures. Currently, a portion of the property (approximately 3,000 square feet) is leased to a laundromat under a three-year lease agreement. This provides immediate income potential for investors. The property's proximity to the La Joya Independent School District's central office further enhances its appeal and potential for future development. Given its size, location, and existing infrastructure, this land offers limitless possibilities for entrepreneurs and investors seeking a prime commercial location in a rapidly growing area. The asking price of $575,000 represents an exceptional value for this strategically located property. The seller is open to lease options for qualified tenants. This is a rare opportunity to acquire a significant commercial property in a high-demand area.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1978
Total area 6,182 SF
Lot 0.5 ac (21,780 SF)
APN S2200-00-001-0007-00
UPID US82-2608417
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Maria F Leo · 7 yrs held
Maria F Leo
since 2019
5 recorded transactions
2019
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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