688 E Expressway 83 - Restaurant FOR SALE


La Joya, TX 78560
$1 USD
301-706-4619
688 E Expressway 83, La Joya, TX for Sale
$1 USD
Restaurant - FOR SALE
1/12
null | Request Cap Rate

688 E Expressway 83
La Joya, TX 78560


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Burger King | 38K VPD | 2006 Built | AUCTION MARCH 10-12, 2025
  • Freestanding Former QSR with Drive-Thru Lane available at Significant Discount Below Replacement Cost
  • ±38K VPD Traffic and Excellent Visibility and Frontage on E Expressway 83 and Near Signalized Intersection with N Coyote Blvd
  • Nearby Traffic Drivers: McDonald’s, U-Haul, O’Reilly, Church’s Chicken, Subway, Dollar General, Multiple Schools, Health Science Academy, and more
  • Dense Demographics with 5-Mile Population of ±26,686 and Annual Household Income of ±$51,282
  • 9.03% Population Growth from 2020-2024 and 6.44% Future Growth Anticipated (5-mile radius)

OVERVIEW

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing, retail building located at 688 E Expressway 83 in La Joya, Texas (the “Property”). The Property, formerly occupied by Burger King, is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with value enhancement potential at a significant discount. FIRST BID MEETS RESERVE! Built in 2006, the Property is improved with a one-story, single-tenant, QSR/restaurant building totaling ±2,957 square feet and includes 15 parking spaces. The Property is strategically positioned on ±0.86 acres of land with two ingress/egress curb cut for easy access. This QSR is complete with a drive-thru to maximize both sales and convenience and offers shared access with Church’s Texas Chicken. La Joya, Texas is strategically located in Hidalgo County in the southern tip of Texas, part of the rapidly growing Rio Grande Valley region. Situated along E Expressway 83 (US Hwy 83), La Joya benefits from a key transportation corridor connecting it to larger metropolitan areas such as McAllen (approximately 15 miles east) and the international border with Mexico. Located along a bustling retail corridor on E Expressway 83, the Property enjoys prominent frontage, with high visibility and significant traffic exposure (±38,200 VPD). The strategic location is further enhanced by its proximity to numerous restaurants including Whataburger, Church’s Chicken, Subway, Golden Chick, and McDonald’s. The Property is surrounded by several schools including La Joya High School, Hope Academy, Jimmy Carter Early College High School, Lorenzo De Zavala Middle School, and Idea La Joya High School. Positioned in an area with strong demographics, the Property benefits from a population of ±26,686 people with an Average Household Income (AHHI) of $51,282 within a 5-mile radius.

FOR SALE DETAILS

PRICE

$1 USD

PRICE/SF

$0.00034 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction - Former Burger King | 38K VPD

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

Commercial

APN/PARCEL ID

L1174-00-000-0001-00

ASK ABOUT THIS PROPERTY

Adam SklaverMarcus & MillichapMore Info
301-706-4619

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Adam SklaverMarcus & MillichapMore Info
301-706-4619

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.