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    Penitas, TX
    Conventional Restaurant

    Penitas, TX Conventional Restaurants for Sale

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    La Joya, TX Mission, TX Palmview, TX Edinburg, TX Sullivan City, TX Alton, TX Mcallen, TX Los Ebanos, TX
    Tenant-Occupied Restaurant Building
    Updated: Aug 25
    Tenant-Occupied Restaurant Building

    608 Tom Gill Road, Penitas, TX 78576

    $390,000
    1,600 sqft 0.51 AC lot
    Tenant‑occupied restaurant property at 608 Tom Gill Road
    1,600 square feet on 0.5086 acres
    Built in 2005 with frame/wood construction
    Central electric heating and central air conditioning
    Flat metal roof
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    See hot listings in Penitas

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    1 active listing matches your search: Restaurant for sale in Penitas, TX. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 4 properties in nearby cities.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Plaza with Restaurant
    Mixed-Use Plaza with Restaurant

    6107 N La Homa Road, Mission, TX 78574

    $1,700,000
    11,600 sqft

    A freestanding restaurant and multi-suite retail component occupy a single commercial property in Mission.

    View details
    Mixed-Use Commercial Property
    Mixed-Use Commercial Property

    804 W Veterans Boulevard, Palmview, TX 78572

    $315,000
    1,830 sqft 0.42 AC lot

    The building combines restaurant, office, salon, and gym areas.

    View details
    Olive Garden NNN Ground Lease
    Olive Garden NNN Ground Lease

    1405 E Expressway 83, Mission, TX 78572, Mission, TX 78572

    $3,368,000
    7,805 sqft

    High-performing Olive Garden with long-term ground lease in Mission, TX.

    View details
    Equipped Restaurant on High-Traffic Corner
    Equipped Restaurant on High-Traffic Corner

    121 E Bentsen Palm Drive, Palmview, TX 78572

    Contact for pricing
    3,344 sqft

    Fully equipped restaurant for sale in Palmview, Texas.

    View details

    Penitas, TX Conventional Restaurants Market Trends and Statistics

    Explore 1 conventional restaurants for sale in Penitas, TX on our real estate platform. These investment opportunities span a total of 1,600 square feet of properties for sale, with an estimated market value of $390,000.

    Sale prices for conventional restaurants in Penitas, TX average $390,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Drive through restaurants 4
    Conventional restaurants 1

    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
    78576 $390K

    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)

    How Realmo verifies these figures

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