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    2001 Us-83 Penitas, TX 78576

    For Sale
    Contact for pricing

    High-traffic pad sites near Walmart.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional commercial land opportunity in Penitas, Texas, presents a prime investment in a thriving community. Located at the northeast corner of US Highway 83 and Liberty Boulevard, this 0.93-acre hard corner parcel offers multiple pad sites ideal for quick-service restaurants (QSRs) and other commercial ventures. The property benefits from its strategic location between Mission and La Joya, Texas, directly adjacent to a Walmart Supercenter, ensuring high visibility and significant foot traffic. With a daily traffic count of 43,018 vehicles on US Highway 83, this location guarantees maximum exposure. The surrounding area boasts a strong retail presence, including established businesses such as Denny's, Wingstop, Subway, and McDonald's, creating a robust customer base. The property is situated within an Opportunity Zone, offering potential tax advantages. Market analysis projects a population of 20,606 residents within a 3-mile radius in 2023, with an average household income of $56,509, indicating substantial purchasing power. This property is zoned for commercial use and presents a remarkable opportunity for investors seeking high-traffic exposure and strong community growth. The site's proximity to major retailers and its location on a busy highway make it an ideal location for a variety of commercial uses. Contact us for pricing and further details.

    Property Features for 2001 Us-83

    General Information

    Property type
    Land

    HighLights

    • High‑visibility corner lot on US Hwy 83 in Peñitas, TX, between Mission & La Joya.
    • Shadow‑anchored by a Walmart Supercenter.
    • Multiple commercial land parcels available along Hwy 83.
    • Situated in a designated Opportunity Zone.
    • Strong retail co‑tenancy including Walmart, Denny's, and other national brands.
    • Pricing available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Penitas
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.439883211883
    Latitude
    26.243079966887

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    FAQs

    What type of property is this?
    Land - High-traffic pad sites near Walmart.
    Where is this land located?
    The property is located at 2001 Us-83 Penitas, TX.
    What are key features of this property?
    This property features: High-visibility corner lot on US Hwy 83 in Peñitas, TX, between Mission & La Joya.; Shadow-anchored by a Walmart Supercenter.; Multiple commercial land parcels available along Hwy 83.
    Request Owner's contact information
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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
    2001 Us-83 Penitas, TX 78576
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