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    2110 Expressway 83 Penitas, TX 78576

    For Sale
    $270,000

    Prime location, 3,248 sq ft, redevelopment opportunity.

    Property size:
    3,248 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional 3,248 square foot commercial property, located at 2110 E Expressway 83 in Penitas, Texas, presents a unique investment opportunity. Situated on a 0.29-acre lot, this building enjoys a high-traffic location, ensuring excellent visibility and accessibility for any business. Previously utilized as a restaurant and bar, the property is currently vacant and requires either renovation or a complete rebuild. This provides a blank canvas for a prospective buyer to create a space perfectly tailored to their specific business needs. The building's prime location in the rapidly growing city of Penitas offers significant potential for future growth and profitability. The substantial square footage allows for a variety of commercial uses, making it an attractive option for entrepreneurs and investors alike. The 0.29-acre lot provides ample space for potential expansion or outdoor amenities. This property is priced competitively at $270,000, representing a compelling value in the current market. Don't miss this chance to acquire a prime commercial property in a thriving Texas community. The opportunity to customize the space to your exact specifications makes this a truly unique and exciting investment prospect.

    Property Features for 2110 Expressway 83

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,248 SF
    Lot Size
    12,632 SF

    Building Details

    Year Built
    1986
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Penitas
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.43857
    Latitude
    26.24254

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, 3,248 sq ft, redevelopment opportunity.
    Where is this commercial real estate located?
    The property is located at 2110 Expressway 83 Penitas, TX.
    What is the asking price?
    The asking price for this property is $270,000.
    (956) 254-0073
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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
    2110 Expressway 83 Penitas, TX 78576
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