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    1617 Diamond Ave Penitas, TX 78576

    Pending
    For Sale
    $139,500

    Commercial - Penitas, TX

    Lot size:
    0.59 Acres
    Days on Market:
    9
    Last Refresh:
    Dec 9 at 11:06 pm

    Property Features for 1617 Diamond Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    D437000000000300
    Lot size
    0.59 Acres

    Building Details

    Architectural style
    Other

    RE/MAX elite (956) 330-3674 [email protected]

    Listing agent Araceli Carvajal (956) 583-2100

    Listing date Dec 1, 2025

    MLS# 472870 Listing URL

    Copyright © 2025 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Lot Near Expressway 83

    This commercial vacant lot presents an opportunity for development or investment. It benefits from convenient access to E. Expressway 83 and proximity to national retailers, the post office, and local schools. A new Home Depot is under construction this year, which is anticipated to increase traffic and commercial value in the area. The lot is located in Penitas, Texas, in Hidalgo County and has a size of 0.59 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Penitas
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.443375
    Latitude
    26.248108

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    FAQs

    What type of property is this?
    Commercial land - Commercial vacant lot with development potential and easy expressway access.
    Where is this commercial land located?
    The property is located at 1617 Diamond Ave Penitas, TX.
    What is the asking price?
    The asking price for this property is $139,500.
    What are key features of this property?
    This property features: - Prime commercial vacant lot with high development/investment potential.; - Easy access to E. Expressway 83.; - Proximity to national retailers, post office, and local schools.
    (956) 583-2100
    Request Owner's contact information
    1617 Diamond Ave Penitas, TX 78576
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    Penitas, TX 78576
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1617 Diamond Ave Penitas, TX 78576
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