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    Penitas, TX
    Conventional Restaurant

    Penitas, TX Conventional Restaurants for Sale

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    La Joya, TX Palmview, TX Mission, TX Edinburg, TX Sullivan City, TX Alton, TX Palmhurst, TX Mcallen, 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
    View details
    Restaurant Building with Lounge
    Updated: Mar 13
    Restaurant Building with Lounge

    204 Tom Gill Road, Penitas, TX 78576

    $900,000
    3,182 sqft 0.51 AC lot
    3,182‑square‑foot restaurant building on 0.5071 acres
    Layout supports dine‑in, bar and lounge, and takeout service
    On‑site and shared parking available
    Built in 2000 with a flat roof
    Central air conditioning and central heating
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Penitas, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    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
    Commercial Land with Restaurant Building
    Commercial Land with Restaurant Building

    3500 West Mile 5 Road, Mission, TX 78574

    $550,000
    43,293 sqft 1.00 AC lot

    Commercial lot includes an existing restaurant building and a pre-built soccer field on a high-traffic corridor.

    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 2 conventional restaurants for sale in Penitas, TX on our real estate platform. These investment opportunities span a total of 4,782 square feet of properties for sale, with an estimated market value of $1,290,000.

    Sale prices for conventional restaurants in Penitas, TX start at $390,000, averaging $645,000, and reaching up to $900,000 — 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 3
    Conventional restaurants 2

    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 $730K

    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

    Retail

    Office

    Residential Income

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