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    44014 Austen St Penitas, TX 78576

    For Sale
    $400,000

    Prime Retail Location, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional commercial property in Penitas, Texas, presents a rare investment opportunity. Located at 44014 Austen Street, this 0.83-acre lot (36,363 sq ft) features a 3,500 sq ft building constructed in 2016. Currently operating as a successful convenience store and meat market, the property boasts ample coolers ideal for perishable goods. Its strategic location near Expressway 83 ensures high visibility and easy accessibility for customers, maximizing its commercial potential. The expansive lot provides abundant parking, accommodating current operations and offering significant room for future expansion or development. The property's existing infrastructure and prime location make it suitable for a variety of commercial ventures. The asking price is $400,000. This thriving business presents a strong return on investment, with the potential for increased revenue through expansion or diversification. The property's location in the bustling Penitas area offers significant growth opportunities. This is a turnkey operation with established clientele, ready for a new owner to capitalize on its success. The property is zoned for commercial use and is situated in Hidalgo County, Texas, zip code 78576. This is a unique opportunity to acquire a well-established commercial property with significant upside potential.

    Property Features for 44014 Austen St

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    2016

    HighLights

    • $400,000 asking price.
    • Land and retail property.
    • 2016 construction.
    • 36,363 square foot lot.
    • Located at 44014 Austen Street, Penitas, TX 78576.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ria Money Transfer ... Money Transfer Service LA TIENDA DEL ... Store

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Wholesale Shop Dental Office Hair Salon Auto Repair Shop Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Penitas
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.475678
    Latitude
    26.3021444

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Location, High Visibility
    Where is this retail property located?
    The property is located at 44014 Austen St Penitas, TX.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: $400,000 asking price.; Land and retail property.; 2016 construction.
    Request Owner's contact information
    44014 Austen St Penitas, TX 78576
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    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
    44014 Austen St Penitas, TX 78576
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