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    17922 Coconut Palm Dr Penitas, TX 78576

    For Sale
    $500,000

    Prime corner lot, 3360 sqft, high traffic area.

    Property size:
    3,360 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This 3,360 square foot commercial property, situated on a 0.75-acre corner lot at 17922 Coconut Palm Drive in Penitas, Texas, presents a compelling investment opportunity. Its location on a busy thoroughfare ensures high visibility and accessibility, attracting significant foot traffic. The property's previous uses as a drive-thru store and bakery suggest a pre-existing demand for retail and food service businesses in the immediate vicinity. Currently vacant, this versatile space offers considerable flexibility for a variety of commercial ventures, allowing for customization to meet specific market needs. Ample on-site parking caters to the anticipated customer volume. The asking price is $500,000. This property's prime location, combined with its size and flexible layout, makes it an ideal investment for entrepreneurs seeking a high-traffic, high-visibility location in a growing area. The existing infrastructure provides a solid foundation for a successful business venture.

    Property Features for 17922 Coconut Palm Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,360 SF
    Lot Size
    32,670 SF

    Building Details

    Year Built
    2005
    Property Profile Location Intelligence

    Current Use by Public Records

    Bread House Bakery Bakery Johnny's Taqueria & Grocery ... Grocery Store

    Suggested Use

    Restaurant Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Hotel & Motel Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Penitas
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.44759
    Latitude
    26.33485

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    FAQs

    What type of property is this?
    Commercial real estate - Prime corner lot, 3360 sqft, high traffic area.
    Where is this commercial real estate located?
    The property is located at 17922 Coconut Palm Dr Penitas, TX.
    What is the asking price?
    The asking price for this property is $500,000.
    (956) 627-3589
    Request Owner's contact information
    17922 Coconut Palm Dr 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
    17922 Coconut Palm Dr Penitas, TX 78576
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