216 1st St La Joya, TX 78560
This 13,799.808 sq ft commercial land parcel at 216 W 1st Street, La Joya, TX 78560, is offered at $280,000. Built in 1985, the property boasts a rich history, having served for over 20 years as a thriving adult daycare center, currently operating and available for sale with a transferable license (for an additional fee). Prior to its use as a daycare, the building functioned as a Medicaid services office. The versatile floor plan includes various office spaces adaptable to diverse needs. The property features a large open area, offering significant potential for redevelopment or repurposing. Located in a growing community in central Western Hidalgo County, this property presents countless possibilities for entrepreneurs and investors. A back entrance accessible via a back alleyway adds to its functionality. The property's size and location make it an attractive investment opportunity in a developing area of Texas. Detailed floor plans are available upon request. This is a rare opportunity to acquire a well-established commercial property with significant upside potential.
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
R · La Joya, TXLa Joya. Always verify with local authorities before improvements.
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.