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    1705 Diamond Ave Penitas, TX 78576

    New
    Pending
    For Sale
    $139,500

    Commercial - Penitas, TX

    Lot size:
    0.59 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 9 at 10:06 pm

    Property Features for 1705 Diamond Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    D437000000000500
    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 8, 2025

    MLS# 472876 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 Vacant Lot For Sale

    This commercial vacant lot, located in Penitas, Texas, offers development or investment potential. The 0.59-acre lot provides easy access to E. Expressway 83 and is situated close to national retailers, the post office, and local schools. A new Home Depot is breaking ground this year, which is expected to drive traffic and increase commercial value in the area.
    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
    -98.442767
    Latitude
    26.248028

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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 1705 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: - Exceptional potential for development or investment.; - Easy access to E. Expressway 83.; - Close proximity to national retailers, post office, and local schools.
    (956) 583-2100
    Request Owner's contact information
    1705 Diamond Ave 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
    1705 Diamond Ave Penitas, TX 78576
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