216 1St StHavana, TX 78560

Property Details for 216 1St St

Year built

1985

Lot size

0.32 AC

Property size (Sq ft)

6,948 SF

Zone code

R

Property type

Office buildings

APN

L2550-01-001-0028-00

APU

L255001001002800

Description

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 approach

  CAP return

  Valuation

  6%

  $945,836

  6.5%

  $873,080

  7%

  $810,717

• Comparable approach

  Method

  Valuation

  Relative Method

  $605,904

  Geo Method

  $1,579,072

• Alternative Use

  Use

  Valuation

  Residential

  $1,082,619

  Hospitality

  $991,673

  Educational

  $825,060

  Medical

  $853,435

  Retail

  $1,283,427

Location Insight

City

La Joya

County

Hidalgo

State

Texas

Latitude

26.2478

Longitude

-98.4824

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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