120 Expressway 83 W La Joya, TX 78560
For Sale
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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.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.