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.