Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Expressway 83 Penitas, TX 78576

    For Sale
    $475,000

    Penitas, TX Commercial Lot - High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This 2.03-acre commercial development site in Penitas, Texas, is strategically located on SE Expressway 83, boasting exceptional visibility and high traffic counts of 44,780 vehicles per day. The property is zoned for commercial use and presents a significant opportunity for developers. Its prime location offers proximity to established national brands such as Dollar Tree, Denny's, Blue Wave, Domino's Pizza, Little Caesars, Wingstop, First Cash, and Murphy Express. The area is experiencing substantial growth, with new developments underway including Chick-fil-A, Starbucks, Wendy's, and Take 5 Oil Change. This parcel, identified by APN A1303-01-000-0002-00, offers substantial potential for a variety of commercial ventures, capitalizing on the high traffic volume and strong existing commercial presence. The asking price for this exceptional development opportunity is $475,000. The property is situated in Hidalgo County, Texas, with a zip code of 78576.

    Property Features for 0 Expressway 83

    General Information

    Property type
    Land
    Lot Size
    88,427 SF

    HighLights

    • High visibility from Expressway 83, 44,780 vehicles per day (VPD).
    • Excellent development opportunity.
    • Nearby new construction includes Chick‑fil‑A, Starbucks, Wendy's, and Take 5 Oil Change.
    • High‑traffic location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Penitas
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.437190379873
    Latitude
    26.242395140929

    Nearby Similar for Sale

    • $1,200,000
      3,182 SF

      Turnkey Restaurant in Growing Area

      Established restaurant with equipment in a rapidly developing location.
      204 Tom Gill Rd, Penitas, TX 78576
      View Details
    • $699,000
      10,164 SF

      Penitas TX Multifamily Investment Opportunity

      Fully occupied 8-plex near U.S. 83 in Penitas, TX.
      1502 Diamond Ave, Penitas, TX 78576
      View Details
    • $750,000
      0.51 Acres

      Prime Commercial Property in Penitas, TX

      Operating paint and body shop with high visibility and expansion potential.
      1501 Expressway 83, Penitas, TX 78576
      View Details
    • $299,900
      2,150 SF

      Penitas Office Space with Acreage

      Office space with garage on 1 acre plus 6.52 acres.
      1420 Expy 83 Hwy, Penitas, TX 78576
      View Details
    • $270,000
      3,248 SF

      Penitas Commercial Building - High Traffic Area

      Prime location, 3,248 sq ft, redevelopment opportunity.
      2110 Expressway 83, Penitas, TX 78576
      View Details
    • $500,000
      3,360 SF

      Penitas Commercial Property - High Visibility

      Prime corner lot, 3360 sqft, high traffic area.
      17922 Coconut Palm Dr, Penitas, TX 78576
      View Details

    FAQs

    What type of property is this?
    Land - Penitas, TX Commercial Lot - High Visibility
    Where is this land located?
    The property is located at Expressway 83 Penitas, TX.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: High visibility from Expressway 83, 44,780 vehicles per day (VPD).; Excellent development opportunity.; Nearby new construction includes Chick-fil-A, Starbucks, Wendy's, and Take 5 Oil Change.
    Request Owner's contact information
    Expressway 83 Penitas, TX 78576
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Expressway 83
    Penitas, TX 78576
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Expressway 83 Penitas, TX 78576
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.