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    00 Queen Palm Dr Penitas, TX 78576

    For Sale
    $350,000

    1.042 Acres, $350,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 1.042-acre commercial land parcel presents a unique investment opportunity in the thriving city of Penitas, Texas. Located at 00 Queen Palm Drive, this property boasts an ideal location within Hidalgo County, offering easy access to key transportation routes and amenities. The asking price is $350,000, representing a compelling value for developers and investors seeking a foothold in this dynamic market. The expansive lot size provides ample space for a variety of commercial ventures, allowing for significant flexibility in development plans. The property's address is 00 Queen Palm Drive, Penitas, TX 78576, with precise coordinates at latitude 26.328209 and longitude -98.4439463. This prime location in Penitas, coupled with the substantial lot size, makes this property an attractive proposition for those seeking to capitalize on the growth potential of this area. The property is classified as commercial land, providing a clear path for various commercial development projects. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is zoned for commercial use, making it suitable for a wide range of businesses. This presents a rare opportunity to acquire a significant land parcel in a rapidly developing area of Texas. Don't miss out on this chance to secure a prime piece of commercial real estate in Penitas.

    Property Features for 00 Queen Palm Dr

    General Information

    Property type
    Land
    Lot Size
    45,390 SF

    HighLights

    • 1.042‑acre commercial land parcel in Penitas, TX.
    • Located at 00 Queen Palm Drive, Hidalgo County, offering easy access to transportation routes.
    • Asking price: $350,000.
    • Ample space for various commercial ventures.
    • Commercial zoning allows for a wide range of businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Department Store Bar & Pub Garden Center Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Penitas
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.4439463
    Latitude
    26.328209

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    FAQs

    What type of property is this?
    Land - 1.042 Acres, $350,000
    Where is this land located?
    The property is located at 00 Queen Palm Dr Penitas, TX.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 1.042-acre commercial land parcel in Penitas, TX.; Located at 00 Queen Palm Drive, Hidalgo County, offering easy access to transportation routes.; Asking price: $350,000.
    Request Owner's contact information
    00 Queen Palm Dr 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
    00 Queen Palm Dr Penitas, TX 78576
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