Commercial Land Tract with Expressway
For Sale
$2,250,000
2400 W Expressway 83, Penitas, TX 78576
A 2.69-acre commercial tract in Penitas offers Expressway 83 frontage and redevelopment flexibility with minimal value existing improvements.
Lot Size2.69 Acres
Days on Market84
Property Features for 2400 W Expressway 83
General Information
Standard status
Active
Lot size
2.69 Acres
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2004
Listing Agency:
(956) 631-1322
Listed By:
Coldwell Banker La Mansion
Source:
Xome
Added: May 9
Changed: Jul 10
Last Checked: Jul 15 at 4:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker La Mansion
Investment Insights
Based on property information with market context.
This 2.69-acre commercial tract is offered for sale as a redevelopment site. The existing improvements are described as contributing minimal value and can be removed to support redevelopment and optimal utilization of the property. The offering is positioned for developers, investors, and end-users looking for a straightforward platform to plan and build according to their specific use needs.
The property is located at 2400 W Expressway 83 in Penitas, Texas, with frontage along Expressway 83, which the remarks identify as one of the Rio Grande Valley’s most heavily traveled corridors. Public remarks further note traffic counts exceeding 40,000 vehicles per day, supporting strong visibility and day-to-day accessibility for prospective customers and tenants.
For buyers and developers, the primary value here is the combination of frontage and redevelopment flexibility. With minimal improvements contributing to ongoing utility, the site may be suitable for concept-driven ground-up development aligned with the buyer’s planned commercial use. The location and stated traffic profile can also support retail, service, and other commercial plans that benefit from prominent exposure along a major roadway.
The property is located at 2400 W Expressway 83 in Penitas, Texas, with frontage along Expressway 83, which the remarks identify as one of the Rio Grande Valley’s most heavily traveled corridors. Public remarks further note traffic counts exceeding 40,000 vehicles per day, supporting strong visibility and day-to-day accessibility for prospective customers and tenants.
For buyers and developers, the primary value here is the combination of frontage and redevelopment flexibility. With minimal improvements contributing to ongoing utility, the site may be suitable for concept-driven ground-up development aligned with the buyer’s planned commercial use. The location and stated traffic profile can also support retail, service, and other commercial plans that benefit from prominent exposure along a major roadway.
Key Highlights
- 2.69‑acre commercial tract in Penitas, TX with frontage along Expressway 83
- Traffic counts exceeding 40,000 vehicles per day on Expressway 83
- Includes 30 parking spaces plus handicap parking and a paved driveway
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Explore this area
Business Placement
Demographics for 78576, TX
13,901
Population
3,362
Households
4.1
Avg Household Size
25
Median Age
6%
College-Educated
53%
High-School Grad
58.2 sq mi
ZIP Area
239
Density / Sq Mi
$48,205
Median Household Income
$21,962
Median Earnings
$629
Median Rent
$116,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - A 2.69-acre commercial tract in Penitas offers Expressway 83 frontage and redevelopment flexibility with minimal value existing improvements.
Where is this commercial land located?
The property is located at 2400 W Expressway 83 Penitas, TX.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 2.69‑acre commercial tract in Penitas, TX with frontage along Expressway 83; Traffic counts exceeding 40,000 vehicles per day on Expressway 83; Includes 30 parking spaces plus handicap parking and a paved driveway
