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    17922 Coconut Palm Dr Penitas, TX 78576

    For Sale
    $500,000

    32,700 sq ft lot, $500,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    Exceptional commercial land opportunity in Penitas, Texas, totaling 32,700.056 square feet. This 2005-built property boasts a highly visible corner lot location, previously utilized as a drive-thru and bakery, suggesting strong potential for food service or retail ventures. Currently vacant, this presents a unique chance to develop a business tailored to market demands. The ample parking caters to high foot traffic businesses. The property's location offers excellent visibility and accessibility, making it an attractive investment for entrepreneurs seeking a high-traffic location in a growing area. The previous uses indicate a potential demand for food and retail services in the immediate vicinity. This versatile space allows for a wide range of development possibilities, from cafes and convenience stores to other retail establishments. The substantial lot size provides ample room for expansion or additional development. This property presents a compelling investment opportunity in a desirable Texas location. The asking price is $500,000. Located at 17922 Coconut Palm Drive, Penitas, TX 78576.

    Property Features for 17922 Coconut Palm Dr

    General Information

    Property type
    Land

    Building Details

    Year Built
    2005

    HighLights

    • 32,700.056 SF commercial lot in Penitas, TX.
    • Highly visible corner lot, previously a drive‑thru bakery.
    • Vacant, ideal for food service or retail.
    • Ample parking.
    • Excellent visibility and accessibility in a growing area.
    • $500,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bread House Bakery Bakery Johnny's Taqueria & Grocery ... Grocery Store

    Suggested Use

    Restaurant Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Hotel & Motel Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Penitas
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.4478678
    Latitude
    26.3349048

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    FAQs

    What type of property is this?
    Land - 32,700 sq ft lot, $500,000
    Where is this land located?
    The property is located at 17922 Coconut Palm Dr Penitas, TX.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: 32,700.056 SF commercial lot in Penitas, TX.; Highly visible corner lot, previously a drive-thru bakery.; Vacant, ideal for food service or retail.
    Request Owner's contact information
    17922 Coconut Palm Dr 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
    17922 Coconut Palm Dr Penitas, TX 78576
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