Advertise
    Penitas, TX
    Conventional Restaurant

    Penitas, TX Conventional Restaurants for Sale

    Notify Me
    List
    Map
    La Joya, TX Mission, TX Palmview, TX Sullivan City, TX Edinburg, TX Palmhurst, TX Mcallen, TX Alton, TX
    Conventional Restaurant with Bar/Lounge Area
    Updated: Mar 13
    Conventional Restaurant with Bar/Lounge Area

    204 Tom Gill Road, Penitas, TX 78576

    $900,000
    3,182 sqft 0.51 AC lot
    0.5071‑acre site at 204 Tom Gill Road, Penitas, TX
    3182 SF conventional restaurant building
    Bar/lounge area plus dine‑in service and take‑out options
    Zoned C
    Built in 2000 with flat roof
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    204 Tom Gill Road, Penitas, TX 78576

    View Property Analytics

    • Est. Cap Rate

      5.1%
      NOI ÷ price

    • Est. NOI

      $46K
      Annual

    • Price @ 7% Cap

      $660K
      Suggested

    • Property Type

      Restaurant
      Built 2000
    View Property Analytics
    Turnkey Restaurant Building Package
    Updated: Aug 18, 2025
    Turnkey Restaurant Building Package

    204 Tom Gill Road, Penitas, TX 78576

    $900,000
    3,182 sqft
    Established restaurant space with dine‑in service, bar/lounge area, and take‑out options
    20 parking spaces with a paved driveway, plus on‑site and shared customer parking
    Security lighting on the exterior
    Central air conditioning (electric) with heating listed as 3
    Year built: 2000
    View details
    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.

    Drive-Through Restaurant Building with Three Windows
    Drive-Through Restaurant Building with Three Windows

    5610 N Abram Road, Mission, TX 78574

    $275,000
    2,492 sqft 2.00 AC lot

    Restaurant-ready building with three drive-through windows and off-street parking on a 2-acre site.

    View details
    Restaurant Building with Commercial Kitchen
    Restaurant Building with Commercial Kitchen

    712 N Bicentennial Boulevard, Mcallen, TX 78504

    $375,000
    1,878 sqft 0.16 AC lot

    Restaurant-ready space with an open layout, office, commercial kitchen, walk-in freezer, and existing grease trap.

    View details
    Downtown Storefront Retail Space
    Downtown Storefront Retail Space

    209 S Bicentennial Boulevard, Mcallen, TX 78501

    $275,000
    3,235 sqft

    Storefront property on Bicentennial Boulevard in Downtown McAllen with convenient access to Interstate 2/Expressway 83.

    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

    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 6,364 square feet of properties for sale, with an estimated market value of $1,800,000.

    Sale prices for conventional restaurants in Penitas, TX average $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.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Drive through restaurants 4
    Conventional restaurants 2
    Bars & Pubs 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 $900K

    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

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Popular Searches in Penitas, TX

    Popular Categories

    Most Searched ZIP Codes in Penitas, TX

    • 78576

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!