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    Penitas, TX

    Penitas, TX Commercial Real Estate for Sale

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    Strip Mall with Expansion Land
    Updated: Apr 7
    Strip Mall with Expansion Land

    1312 Expressway 83, Penitas, TX 78576

    $1,100,000
    6,820 sqft 1.76 AC lot
    Approx. 6,820 SF commercial strip building on approx. 1.76 acres with building and parking lot plus additional vacant land
    Recent uses include medical clinic, pharmacy/retail, and office/insurance space
    Immediate access from East‑Bound Expressway 83 and Buenavista Street in Penitas
    Built in 1983 with brick construction and a tile and flat roof
    Heating: zoned central electric systems; cooling: zoned central air (electric)
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    This listing looks promising.

    Here's a quick look at some key insights for

    1312 Expressway 83, Penitas, TX 78576

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    • Est. Cap Rate

      9.2%
      Above avg (5.9%)

    • Est. NOI

      $101K
      Annual

    • Price @ 7% Cap

      $1.44M
      Above asking

    • Property Type

      Neighborhood: Shopping Center, Strip Center, Enterprise Zone
      Built 1983
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    Specialty Event Venue on Gated Estate
    Updated: Jun 20
    Specialty Event Venue on Gated Estate

    1461 Pino Street, Penitas, TX 78576

    $1,290,000
    2,941 sqft 3.00 AC lot
    Gated Penitas, TX estate on a stone perimeter wall with bell tower monument sign
    Grand covered pavilion with exposed wood trusses and stone fireplace, plus two‑story main building
    Outdoor stone asador with granite bar and a swimming pool, fountain, and manicured palm‑lined grounds
    Interior features include bridal/dressing suite, formal dining room, full kitchen, and master suite with stacked stone wall
    Multiple bathrooms with granite vessel sinks and glass showers; authentic Saltillo tile and wood beadboard ceilings
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    Turnkey Restaurant and Bar Building
    Turnkey Restaurant and Bar Building

    204 Tom Gill Road, Penitas, TX 78576

    $900,000
    3,182 sqft 0.51 AC lot

    Established restaurant building with dine-in service, bar/lounge area, and on-site and shared parking.

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    Commercial Building with Drive-Through
    Commercial Building with Drive-Through

    513 N Tom Gill Road, Penitas, TX 78576

    $2,250,000
    9,014 sqft

    Masonry-front commercial building plus an on-site drive-through restaurant with over 70 parking spaces on 1.6 acres.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Penitas, TX Land For Sale
    Penitas, TX Land For Sale

    3205 Tom Gill Road, Penitas, TX 78576

    $135,000
    0.50 AC lot

    0.5 acre lot with residential or commercial potential.

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    Penitas Hunting Ranch For Sale
    Penitas Hunting Ranch For Sale

    Mile 7 N, Penitas, TX 78576

    $1,500,000
    237.46 AC lot

    South Texas hunting ranch with game fence and stocked pond.

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    1.34 Acre Land in Penitas
    1.34 Acre Land in Penitas

    Pino Street, Penitas, TX 78576

    $88,000
    1.34 AC lot

    1.34 acre tract offering endless possibilities on Pino St.

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    Event Center with Outdoor Patio
    Event Center with Outdoor Patio

    8815 Mile 3 Rd, Penitas, TX 78576

    $550,000
    5,620 sqft 1.00 AC lot

    Established event center with main building, reception space, kitchen, and outdoor patio with fireplace.

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    Commercial Land with FM Frontage
    Commercial Land with FM Frontage

    38707 FM 2221, Penitas, TX 78576

    $130,000
    0.95 AC lot

    Approximately 0.95 acres of land with frontage along FM 2221 in Penitas, TX, offering flexible development options.

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    Turnkey Restaurant Building Package
    Turnkey Restaurant Building Package

    204 Tom Gill Road, Penitas, TX 78576

    $900,000
    3,182 sqft

    Established restaurant space with dine-in, bar/lounge, take-out options, and on-site and shared customer parking.

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    Commercial Land Tract with Expressway Frontage
    Commercial Land Tract with Expressway Frontage

    2400 W Expressway 83, Penitas, TX 78576

    $2,250,000
    2.69 AC lot

    A 2.69-acre commercial tract in Penitas offers Expressway 83 frontage and redevelopment flexibility with minimal value existing improvements.

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    Turn-Key Convenience Store
    Turn-Key Convenience Store

    44014 Austen Street, Penitas, TX 78576

    $325,000
    1,600 sqft

    Turn-key ready convenience store offered for sale on the northeast corner of Jarachinas Rd and Austen St.

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    Industrial Building on 1.5-Acre Lot
    Industrial Building on 1.5-Acre Lot

    18024 Queen Palm Dr, Penitas, TX 78576

    Contact for pricing
    11,760 sqft 1.50 AC lot

    Industrial property totaling 11,760 SF on an approximately 1.5-acre lot.

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    Gated Wedding Event Venue Estate
    Gated Wedding Event Venue Estate

    1461 Pino Street, Penitas, TX 78576

    Contact for pricing
    2,941 sqft

    Turnkey special-use event property with a covered pavilion, pool, and banquet-ready indoor amenities.

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    Penitas Land Investment Opportunity
    Penitas Land Investment Opportunity

    38319 Mile 7 Road, Penitas, TX 78576

    $225,000
    86,345 sqft 1.98 AC lot

    1.98 acres of land for commercial development in Penitas.

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    Freestanding Sonic Investment Property
    Freestanding Sonic Investment Property

    1815 E Expressway 83, Penitas, TX 78576

    Contact for pricing
    1,227 sqft

    New 20-year NNN lease with rental increases in Penitas, Texas.

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    Penitas Commercial Opportunity For Sale
    Penitas Commercial Opportunity For Sale

    2110 E Expressway 83, Penitas, TX 78516

    $260,000
    3,248 sqft

    Commercial property in Penitas, Texas, with high traffic location.

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    Corner Commercial Pad Site
    Corner Commercial Pad Site

    18018 Queen Palm Dr, Penitas, TX 78576

    Contact for pricing

    Corner commercial pad site near Junior's Supermarket and Dollar General, suitable for a new business development.

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    Penitas Retail Property For Sale
    Penitas Retail Property For Sale

    38807 W Mile 7 Road, Penitas, TX 78576

    Contact for pricing
    1,200 sqft 0.50 AC lot

    Retail property with high visibility and strong traffic.

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    Versatile Commercial Property on Tom Gill
    Versatile Commercial Property on Tom Gill

    3429 N Tom Gill Road # 0, Penitas, TX 78576

    Contact for pricing
    2.49 AC lot

    2.49-acre commercial property with mechanic shop, car wash, inspection station.

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    Prime Commercial Corner Lot
    Prime Commercial Corner Lot

    44015 Austen Street, Penitas, TX 78576

    Contact for pricing
    1.00 AC lot

    High-traffic corner lot suitable for various commercial developments.

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    Taqueria on Tom Gill Road
    Taqueria on Tom Gill Road

    614 Tom Gill Road, Penitas, TX 78576

    Contact for pricing
    0.50 AC lot

    Turnkey taqueria with drive-thru on high-traffic Tom Gill Road.

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    Commercial Corner Lot in Penitas
    Commercial Corner Lot in Penitas

    00 Queen Palm Drive, Penitas, TX 78576

    Contact for pricing
    1.04 AC lot

    High-visibility 1.04-acre commercial corner lot in Penitas, TX.

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    Prime Commercial Land in Peñitas
    Prime Commercial Land in Peñitas

    2001 US-83, Penitas, TX 78576

    Contact for pricing
    0.93 AC lot

    0.93 AC hard corner pad site on US Hwy 83.

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    Penitas, TX Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Penitas, TX, showcased through 27 active listings on our real estate platform. These investment opportunities span a total of 139,080 square feet of properties for sale, with an estimated market value of $11,903,000.

    Sale prices for business properties in Penitas, TX start at $88,000, averaging $850,214, and reaching up to $2,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 14K
    Population Growth (5Y) +26.7%
    Median Household Income $48,205
    College Educated 8.6%

    High-Yield Neighborhoods for Investment

    Identify Penitas submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Mission $175K
    Alamo $270K
    Penitas $1M

    Taxes & Financing

    Tax Rate (average for all types) 2.50%
    Property Tax per SF $63.66 per SF
    Tax Rate vs County Average 0.14 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Hidalgo County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Hidalgo County

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    Residential Income

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    Most Searched ZIP Codes in Penitas, TX

    • 78576
    • 78516

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