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    2400 Expressway 83 Mission, TX 78572

    For Lease
    $20 SF/Yr

    2.68 acres, 58 parking spaces

    Lot size:
    10,062 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2.68-acre commercial land parcel presents a unique investment opportunity in Penitas, Texas. Located at the high-traffic intersection of Business 83 and US Highway 83, this property boasts unparalleled visibility and accessibility. The site offers a substantial 10,062 square feet of land, perfectly suited for a variety of commercial uses. Imagine establishing a thriving carpentry business, heavy equipment operation, mechanic shop, or concrete company on this expansive lot. The property includes 58 parking spaces, providing ample room for customers, employees, and delivery vehicles or the storage of heavy equipment. The convenient location and generous parking make this an ideal site for businesses requiring significant space and high visibility. The property's APN is L077500000000100. This is a single-tenant property, offering complete control and flexibility for the future owner. Don't miss this chance to secure a prime commercial location in a rapidly growing area. The property is zoned for commercial use and ready for immediate development. This is a rare opportunity to acquire a substantial land parcel in a strategic location with excellent potential for growth and return on investment.

    Property Features for 2400 Expressway 83

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,062 SF

    Unit(s) available at that property

    Space
    Size
    10,062 SF
    Rate per SF
    $20

    HighLights

    • 2.68‑acre commercial land parcel in Penitas, Texas.
    • High‑traffic intersection of Business 83 and US Highway 83, offering excellent visibility and accessibility.
    • 10,062 square feet of land, suitable for various commercial uses.
    • 58 parking spaces.
    • APN: L077500000000100.
    • Single‑tenant property, zoned for commercial use and ready for immediate development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3517513
    Latitude
    26.2209667

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    FAQs

    What type of property is this?
    Land - 2.68 acres, 58 parking spaces
    Where is this land located?
    The property is located at 2400 Expressway 83 Mission, TX.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 2.68-acre commercial land parcel in Penitas, Texas.; High-traffic intersection of Business 83 and US Highway 83, offering excellent visibility and accessibility.; 10,062 square feet of land, suitable for various commercial uses.
    Request Owner's contact information
    2400 Expressway 83 Mission, TX 78572
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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
    2400 Expressway 83 Mission, TX 78572
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