Location: The property is situated on the east side of FM 2221, boasting a significant
frontage of 1/4 mile and approximately a mile of frontage along the southern side,
adjacent to the new La Joya bypass.
This prime location offers easy access to transportation routes, enhancing its
appeal for development. City Services: Being within the service area of the
City of La Joya ensures access to essential municipal services such as water,
sewer, and utilities. The pending extension of Coyote Blvd to the bypass
further improves accessibility and connectivity.
Tax Increment Reinvestment Zone (TIRZ): The property's inclusion in a TIRZ signifies
its eligibility to benefit from tax increments generated by planned transportation
projects, which can be reinvested into the area for further development and
infrastructure enhancement.
Opportunity Zone: As an Opportunity Zone, the property offers potential tax advantages
for investors, including tax deferral and reduction of capital gains taxes, making it an
appealing investment opportunity.
Development Potential: Given its location, available services, and tax incentives, the
property presents a compelling opportunity for developers and home builders. Its
proximity to employment opportunities in surrounding communities adds to
its attractiveness for residential development.
The envisioned layout, including amenities such as stormwater retention parks,
enhances its appeal for creating quality residential neighborhoods with diverse housing
options. Overall, these factors combine to make the property a highly desirable
prospect for developers seeking to capitalize on its strategic location, available
services, and potential tax benefits, while also contributing to the development of
quality residential communities in the region.
Michael Blum
NAI Rio Grande Valley
