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    38807 Mile 7 Rd Penitas, TX 78576

    For Sale
    $160,000

    Prime Commercial Lot, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional commercial land opportunity in Penitas, Texas, presents a compelling investment prospect. Located at 38807 W Mile 7 Road, this 22,097.98 square foot lot boasts a highly desirable location directly across from Junior's Supermarket, ensuring significant visibility and foot traffic. The property includes an existing 1,200 square foot retail building, offering immediate potential for various business ventures. This building provides a solid foundation for expansion or adaptation to suit your specific needs. The lot's substantial size, exceeding half an acre, allows for considerable flexibility in development and future growth. With over 100 feet of road frontage on Mile 7 Road, this property guarantees excellent exposure to the constant flow of traffic. Furthermore, its convenient proximity to Expressway 83, accessible within 10 minutes via Tom Gill Road, provides easy access to major transportation routes. Built in 2004, this property is situated in Hidalgo County, Texas, zip code 78576, offering a strategic location for commercial success. The asking price is $160,000. This is a rare opportunity to acquire a well-positioned commercial property in a thriving area.

    Property Features for 38807 Mile 7 Rd

    General Information

    Property type
    Land

    Building Details

    Year Built
    2004

    HighLights

    • 22,097.98 sq ft lot in Penitas, TX.
    • High visibility across from Junior's Supermarket.
    • Includes a 1,200 sq ft existing retail building.
    • Over 100 ft of road frontage on Mile 7 Road.
    • Convenient access to Expressway 83 via Tom Gill Road.
    • Asking price: $160,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Skin Care Clinic Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Penitas
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.4414429
    Latitude
    26.334017

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    FAQs

    What type of property is this?
    Land - Prime Commercial Lot, High Traffic Area
    Where is this land located?
    The property is located at 38807 Mile 7 Rd Penitas, TX.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: 22,097.98 sq ft lot in Penitas, TX.; High visibility across from Junior's Supermarket.; Includes a 1,200 sq ft existing retail building.
    Request Owner's contact information
    38807 Mile 7 Rd 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
    38807 Mile 7 Rd Penitas, TX 78576
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